For the GBPUSD pair, the main scenario remains bullish. According to this scenario, a simple zigzag correction is currently concluding, which was a response to the previously formed upward impulsive movement with an ending diagonal triangle as wave [v].

The correction was not deep, which may indicate potentially strong buying power. However, confirmation is needed, though I would recommend cautious buying transactions right now.

Recommendations: Buy at 1.2435, SL at 1.2405, TP at 1.2550.