The British Pound held its ground against the Dollar on Tuesday morning with prices trading towards 1.2920 as of writing. Bulls seem to be making a return on the 4-hour time frame with minor support found at 1.2900. With the previous bearish channel broken and prices trading within a 40 pip range, the near term outlook points to further upside. An intraday breakout above the 1.2940 minor resistance level is seen opening a clear path towards the psychological 1.3000 level. Alternatively, if 1.2900 proves to be unreliable support, a decline towards 1.2850 could be in the cards.