GbpUsd- Sell rallies for 1:3 R:R

Since the end of September's low at 1.03, GbpUsd has risen 2k pips which translates into a 20% growth (a huge rise for a major pair in such a short time).
Also, from both technical and fundamental points of view, the long-term trend favors the USD and this rise is most probably a correction.
Strictly technical, the 1.23 zone is strong resistance, and although the pair spiked above this zone (something to be expected from GBP), this rise was quickly reversed leaving an immense bearish engulfing on our daily chart (Thursday's candle engulfing 4 previous daily candles) and suggesting a false break.
As long as 1.25 is intact on a daily close base, I favor a drop to 1.1750 support and sell rallies in search of good R: R could be a good strategy.