Since October's Flash crash, The GBPUSD pair is making higher highs and higher lows as you can see the dark line that mentioned in the chart shows. The economic data in the UK after Brexit improved significantly strong and providing clear signals that Sterling is gaining the strength. Today's inflation data showed quiet healthy figures to lift the pair up but that didn't happen as the GBPUSD pair showed some signs of exhaustion which paused the rally near 1.2960. Unemployment rate is releasing tomorrow and the UK retail sales will be released on Thursday with the forecast of healthy figures which are definitely going to lift GBPUSD in the future. As the signs of exhaustion in the rally show that GBPUSD pair may have some correction in the upcoming period and the pair can correct to 1.2750-1.2800 where the buyers are expected to take control again. My advice is to wait for a pullback towards 1.2750-1.2800 to enter long positions. First take profit should be set at 1.3050 and the second take profit at 1.3200.
Good luck
Good luck