GBPUSD Daily Chart 

The Pound has been on a strong uptrend since the beginning of last week. The pair is now trading near the 1.2040 level. Around the current level of the market, we can see that the price is in a bullish phase, but with no immediate catalyst for the market to move further up. The price could be expected to move sideways for now, taking a breather after the strong rally seen recently. The pair can go up further towards 1.2081-1.2219 which is the key resistance zone.