Trend is bullish in GBP/USD currency pair, fifteen minutes time frame. Short term support level is present at 1.2268 price level. Based on Elliott wave analysis, we have got a bullish Zig Zag Elliott wave pattern and I expect price action to continue the rise towards 1.2450 price area.
So, a good idea is to look for a possible buy trading chance and join an up trend. However; if price of GBP/USD currency pair drops below 1.2268 support area then I would prefer to stop myself from trading and re-analyze the price action in GBP/USD currency pair, 15 minutes chart.