GBP/USD: Navigating the Sideways Trend for a Potential Short Opportunity

Market Structure and Technical Outlook

The GBP/USD pair is currently exhibiting a distinct sideways trend, with the current price at 1.26145. Over the past 24 hours, we've observed a minor decline of -0.28%, suggesting underlying weakness within this range. The daily range from 1.25612 to 1.26678 underscores the tight consolidation. My analysis indicates that the pair has been consistently struggling to break above key resistance levels, specifically 1.2668 and the psychological 1