GBP/USD: Analyzing Sideways Structure for a Potential Swing Short

Technical Analysis: Navigating Resistance

The GBP/USD pair is currently trading at 1.26253, having seen a slight dip of -0.2% over the last 24 hours. The market's overall trend remains sideways, with price action oscillating within a defined range. From a technical perspective, I observe that the pair has been testing the upper boundaries of its recent consolidation. The day range high is 1.26624, with another significant resistance level identified at 1.2662. My short entry at 1.2