GBP/USD Analysis
FenzoFx—GBP/USD trades bearish but is forming new higher highs with immediate resistance at $1.286. The next bullish target could be $1.2960 if bulls close and stabilize above this level.
Conversely, the bullish outlook should be invalidated if GBP/USD falls below $1.2717. If this scenario unfolds, the pound could fall toward the next support level at $1.2563.