GBPUSD is steadily going down. Though typically the pound dollar pair is very impulsive, this movement from 1.296 structure resistance is very passive.
I think that buyers are consolidating their buying positions around 1.28 structure support area. For confirmation, I will be waiting for a bullish violation of a falling parallel channel .
Target levels will be 1.29 and 1.298
Stop will be strictly below the underlined support zone .