GbpUsd set for new leg up

After the reversal from 1.18 support back in March, GbpUsd has started to rise and recently has made a new high just above 1.25.
Since the beginning of the month, the pair is consolidating above the support level, and a new leg up could be next.
I'm bullish on this pair as long as the price stays above 1.2350 and with a target around 1.27 buying trades could have a good risk-reward ratio of more than 1:2