This has come across on all GBP pairs that we now have some sort of consolidation around the major bottoms of the charts. In this case with GBPUSD we can see a 4hr head and shoulders pattern forming and coming close to what is expected to be a breakout of resistance 1.275. We already have the 4hr 50MA being broken earlier which can give us this boost to reach out of this trading range for the past few days/weeks.