GBPUSD broke yesterday below support at 1.2667. The trend is still up, however, supported by positive sentiment on RSI and no divergence meaning GBPUS is likely to resume uptrend after correction.
However, the correction could take GBPUSD to the 0.618 retracement at 1.2514 which is also around the 55 daily Moving Average.
Medium-term trend is still bullish supported by RSI (weekly chart). The 200 weekly Moving Average seems to be a strong resistance however, but there should be room up to the 0.786 retracement at 1.3012 and resistance area around 1.3025.
A break above could take GBPUSD back to levels not seen since Q1/Q2 2022 just prior to the massive sell-off around 1.3745.