Market Overview The GBP/USD has returned to its broader trading range of 1.25–1.28. While the pair remains above the key support level at 1.25, a potential rebound toward the upper range is anticipated. Key Levels Resistance Zone: 1.265 (immediate target) and higher near 1.28. Support Zone: 1.25 (critical support), with a stronger bearish outlook below 1.24. Trading Strategy Entry Levels: Sell near the upper boundary of the 1.265–1.250 range. Stop Loss: Set a stop-loss at a decisive 30-point break above the range. Target Levels: Aim for the lower boundary of the range. Outlook As long as the support at 1.25 holds, the GBP/USD is expected to trade higher within the 1.25–1.28 range. However, a decisive break below 1.25–1.24 would signal a strong bearish reversal and open the door for further declines.