GBP/USD, 2Days chart. It seems like wave ((5)) of the ending diagonal is over. If correct, we’re at the beginning of a new bullish rally. In this case, the market is going to rise towards 1.3227 in the near future.
GBP/USD, 120Minutes chart. The current upward price movement is likely the third wave of wave 1. If so, the market is going to continue unfolding wave ((iii)). A fourth-wave correction should begin after that.