Gbpusd has fallen sharply , almost 400 pips from year highs near 1.32$ , the pair is currently trading at 1.2790$ area and is showing signs for recovery soon.
The pair is trending higher on RSI while trending lower on the chart , this is bullish divergence on the 4h chart.
Plus this horizontal area is a tough support for the pair which is very tough to break and a break below will be a catalyst for further speedy sharp fall.
I would recommend going long from that area with stop loss on break of 1.2740$ area.