GBP/USD Short: Range Play Targeting Downside

Market Read

GBP/USD is trading sideways, currently at 1.26419, but I see a clear short-term bearish bias. The pair has been unable to break resistance at 1.2654, and the 24h change is slightly negative. Levels are clear; this tells me the sellers are still active here. USD finding some bids is also contributing to the pressure.

Trade Plan

I'm taking this trade with a short entry at 1.2645. My stop loss is set tight at 1.266, just above the daily range high. Looking to target support at 1.2608 for profit, aiming for a move towards the 1.26 level. Always manage your risk, market can shift fast.