GBP/USD: Anticipating a Rejection from Key Resistance Zone

Technical Outlook and Entry Rationale

The GBP/USD pair has demonstrated a bullish trend over the past 24 hours, with a 0.36% increase, currently trading at 1.26962 and having seen a day range extending up to 1.27654. While the prevailing trend is bullish, a closer examination of the higher timeframe structure reveals a critical resistance zone approaching. I am looking to initiate a short position at 1.2718. This entry point is strategically placed just beneath the significant resistance levels of 1.275 and 1.2765. My analysis suggests that should the pair push slightly higher into this zone, there is a strong probability of rejection, initiating a corrective move. The structure is clear: a potential exhaustion of bullish momentum leading into a defined resistance area