GBP/USD Short: Fading the Bounce for a Quick Scalp

Market Read

GBP/USD is trading around 1.26369, caught in a sideways chop within its day range of 1.26172 — 1.26566. We've seen a slight dip of -0.1% in the last 24h. Despite the sideways trend, I'm eyeing a short scalp here. No major bullish news pushing Cable higher, and the dollar could catch a bid if risk sentiment shifts even slightly.

The Play

Looking for a short entry on GBP/USD around 1.2642. The recent price action tested near the 1.2657 resistance, showing some rejection. This feels like a textbook entry for a quick fade within the current range. My stop is tight at 1.2666, just above that intraday resistance. Simple is best for these quick moves