GBPUSD Outlook
Over the weekly time period, the pair has kept a bearish tone because March 2008 without breaking the market structure even though this was tested using a retracement between 2013 and 2014 but resumed at the 50.0 Fib in July 2014. Since that time, the market on this pair has claimed its own displacement southwards.
At the daily time period, the southward mode supervenes. Two weeks before, price retested the mini daily trendline based pre-Brexit but has since retracted southwards. It's now respecting a mini trendline on the 4H time frame.
At the 4H time period, price is respecting a mini trendline bearing southwards but recent price action saw the bulls getting influential for an upward drive. As this place is near a weekly service zone, there's chances for a corrective move upwards, perhaps to retest the mini trendine and might aim the resistance zone above it, which is proximal to the monthly pivot. Otherwise, price may breach southwards a micro trendline the current retracement manner, to target the weekly service zone around 1.28753, which was tested on August 16.
I might be incorrect. Trade safe and well.
KP