Trend analysis (Fig. 1)

Following an upward movement from the level of 1.2198 (closing of yesterday's daily candle) to the 23.6% retracement level of 1.2259 (red dashed line), GBP/USD will rise towards the 13 EMA at 1.2286 (yellow thin line).

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - uptrend

Fibonacci levels - uptrend

Volumes - uptrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - downtrend

Weekly chart - uptrend

Conclusion: GBP/USD will rise from the level of 1.2198 (closing of yesterday's daily candle) to the 23.6% retracement level of 1.2259 (red dashed line), and then head towards the 13 EMA at 1.2286 (yellow thin line).

Alternatively, the pair may continue moving up from the level of 1.2198 (closing of yesterday's daily candle) to the 23.6% retracement level of 1.2259 (red dashed line), followed by a decline to the 8 EMA at 1.2234 (blue thin line)