The dollar may be looking healthy elsewhere but the pound is having none of it

Cable is up to test the recent high from the bounce after the fall from 1.25. The 1.2360 level I highlighted earlier held (give or take a couple of pips) and it's been up and away ever since.

In this move resistance sits the 200 H4 ma at 1.2453, and a move above (happening as I type) should see us having another look at 1.2500.

GBPUSD 15m chart

The pound is getting more than a little help from GBPJPY and EURGBP. The latter has had a storming run from just above 0.9000 all the way through 0.8800. It's currently holding below 0.88 so further downside beckons.

Technically, 0.8720 looks to be the next logical place for an attempt at bouncing.

EURGBP H4 chart