The GBPUSD pair is currently trading at 1.2306. The pair has been in a downtrend since the beginning of the year, but it has recently started to show signs of a reversal. The RSI indicator is currently in the oversold territory, which suggests that the pair is due for a bounce. The MACD indicator is also starting to turn positive, which is another sign that the pair is about to reverse.

The 1.2306 level is a key support level for the GBPUSD pair. If the pair breaks below this level, it could fall to the 1.2200 level. However, if the pair can hold above the 1.2306 level, it could rally to the 1.2470 level.

The 1.2470 level is a key resistance level for the GBPUSD pair. If the pair can break above this level, it could rally to the 1.2550 level. However, if the pair can't break above the 1.2470 level, it could fall back to the 1.2306 level.

Overall, the GBPUSD pair is in a bullish trend. The pair is expected to rally to the 1.2470 level. However, if the pair can't break above the 1.2470 level, it could fall back to the 1.2306 level.