• The GBP/USD pair rose on Tuesday as signs of growing pressure on the government to give parliament a greater say in the final deal to leave the European Union, pulled the pound up from session lows.
   
• Pound's gains back towards $1.25 from an earlier low of $1.2347 were driven chiefly by junior Brexit minister David Jones in a statement said that parliament would be given a meaningful vote on the deal.
   
• However, further upside is expected to be limited as the pound presents negative tone and is set to resume downward momentum against the dollar.
   
• To the upside, immediate resistance can be seen at 1.2570, a break above this level would expose the pair towards next resistance level at 1.2600.
   
• To the downside, strong support can be seen 1.2461, a break below at this level will open the door towards next level at 1.2328.
  
  Resistance Levels
  
  R1:  1.2570 (50 % Retracement level)      
  
  R2: 1.2600 (Psychological levels)
  
  R3: 1.2676 (61.8 % Retracement level)
  
  Support Levels
  
  S1: 1.2461 (38.2% Retracement level)    
  
  S2: 1.2328 (23.6% Retracement level)    
  
  S3: 1.2258 (Jan 20th lows)