GBP/USD: Sideways Pressure Hints at Downside Break – A Technical Short Opportunity

Market Structure and Technical Rationale

The GBP/USD pair is currently trading at 1.26414, having shown a marginal decline of -0.07% over the past 24 hours. The market has been moving in a clear sideways trend, confined within a relatively tight day range of 1.26285 to 1.26543. My analysis indicates a potential for a short-term downside move from the current consolidation. Immediate resistance is observed at 1.2654, which has proven resilient in recent sessions.
My trade setup is initiated with a short entry at 1.2646. This entry point capitalizes