GBP/USD: Scalp Long Off Support, Targeting 1.2663

Market Read

GBP/USD is stuck in a tight range, current price 1.26524. We're seeing sideways action, barely up 0.02% in 24h. Day range is thin: 1.26488 to 1.2656. The immediate support at 1.2649 is holding, for now. Resistance sits right above at 1.2656.

The Play

I'm eyeing a quick scalp long. Entry at 1.2652. This is a technical bounce play off the 1.2649 support, catching any short-term push. With the lack of strong catalysts, USD momentum feels weak. My Stop Loss is tight at 1.2648 – simple is best. If it breaks below there, the setup is invalid.

Outlook

Targeting 1.2663. This aims for a push beyond the immediate day high. We need to see momentum clear 1.2656 resistance first. It's an aggressive scalp within the current chop. Let it play out