The pound against the dollar yesterday released dovish news that the Fed may stop raising interest rates in September. GBP/USD fell to 1.24798 on the news. The current trend is still in favor of the bulls, the trend line of the price has been touched, and the support level below cannot be broken.
There is a possibility of trend reversal when the H1 chart forms a morning star pattern. And the current price is at a support level that has not been broken for a long time. In addition, the RSI indicator is already in the oversold area, and you can choose to enter a long order at the bottom.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.