bullish breakout

Hi all,
This came up on my radar - classic cup and handle formation with the anticipated breakout. The breakout was also in conjunction with relatively and substantially large volume, which suggests there's plenty of momentum behind this to carry it good distance up. In short, it's looking very bullish!

Short term targets look to be around 1.30 to 1.40c, but if there's positive news behind this, then we might be looking at some significant 'blue skies'.

Watching with interest!
cheers
Sagitar

ps. For those interested, I've attached the weekly chart.