The GBP  pair rose during trading in the Asian period on Friday at the end of the week's trading after the cuts we saw on the pair yesterday, especially after positive U.S. data in retail sales and PPI, and before that also positive in CPI data, which put pressure on the pair down, especially since this week the British growth data fell by more than expectations.
Today, we await some data from the U.S. economy: industrial production, the New York State manufacturing index, and finally the initial reading of consumer confidence and inflation expectations from the University of Michigan.

Technically: The pair trades on the four-hour frame inside a bear price channel which we expect to hit its bottom line near levels of 1.2300 and its transformers Where we can sell the pair of current prices as long as 1.2450 lows trade
If it breaks upward with the downward trend of the clock frame, we can first have a corrective ascent near 1.2550 levels at the upper end of the price canal before going back down, targeting the lower end of the channel again.
This scenario fails by closing a candle a day above this downward price channel.