The price is in a correction and a fall is possible.
On the daily chart, the upward first wave of the higher level (1) formed, within which the wave 5 of (1) ended. Now, a downward correction is developing as the second wave (2), within which the wave of the lower level A of (2) has formed and the development of the wave B of (2) is ending. If the assumption is correct, the GBP/USD pair will fall to the area of 1.1650–1.1420. In this scenario, critical stop loss level is 1.2285.