GBP/USD: relief rally to continue on Article 50 and less dovish BoE?

Currently, GBP/USD is trading at 1.2452, up 1.21% on the day, having posted a daily high at 1.2496 and low at 1.2296.

A good day for GBP as High Court ruling on Article 50 favours Parliament

GBP/USD is consolidating the upside, penetrating through the 1.2480 level was a leg to far and the sell off ensued, taking the pound back to test the 1.2420 level where we now oscillate. The move in the pound has come on the back of further concerns of a Trump victory for the greenback while at the same time, we had the news that Article 50 is in fact something that will be voted on in parliament, which hinders any progress the Brexit camp can make to leave the EU after the public voted to Brexit. At the same time, the BoE dropped the dovish tone, so here comes a releef rally in the pound? 

BOE ditches dovish stance as GBP flies high

GBP/USD levels

Current price is 1.2453, with resistance ahead at 1.2473 (Weekly Classic R3), 1.2496 (Daily High), 1.2500 (Daily Classic R3), 1.2842 (Monthly High) and 1.3048 (Daily 100 SMA). Next support to the downside can be found at 1.2427 (Daily Classic R2), 1.2378 (Hourly 20 EMA), 1.2373 (Weekly Classic R2), 1.2366 (Daily Classic R1) and 1.2355 (Yesterday's High).