GBP/USD: Navigating the Sideways Trend for a Potential Upside Break

Market Structure and Technical Observation

GBP/USD is currently exhibiting a sideways trend, trading at 1.26554 with a modest 24-hour change of 0.04%. The daily range has been confined between 1.26473 and 1.26634. Looking at the immediate technical landscape, we observe a clear support level at 1.2647, with stronger foundational support at 1.26 and 1.255. On the resistance side, 1.2663 stands as the immediate hurdle, followed by 1.27 and