GbpUsd at an important juncture

In my posts over the past month and a half, I've maintained a bearish stance on $FX:GBPUSD. However, despite reaching a low of 1.23, the pair reversed course and climbed back to 1.25+, failing to meet my prediction of reaching the 1.2 zone.
Currently, GBPUSD is trading at 1.2540, marking a crucial point for this pair. While I typically don't present multiple scenarios for a trade, it's important to consider both possibilities at this juncture.

1. If the pair drops back below 1.2450, it would indicate a continuation of the downtrend and bring my initial target back into play.
2. Conversely, a rise above 1.26 could signal further gains, potentially pushing the pair towards 1.28.