Looking at the 4H and D charts we can see this pair is in a Bullish Trend. With this in mind, i'm looking for a potential entry to the upside. Here we have a prior consolidation zone acting as possible Support. We also have some Fib Confluence at this level with the .786 and .886 retracement. As well as the 1.272 and 1.414 extensions.
This is a what if idea! IF prices can retrace to our killzone around the .38-.50 retracement, we could possibly see a bullish breakout of consolidation. *Keep in mind GBP/USD is at a psychological level (1.3000). Entry: ~1.29928 TP1: 1.30801 TP2: 1.3169 Stop Loss: 1.29289 R:R (1.4) at TP1 (2.3) at TP2