FxNews—GBP/USD has been trading sideways after it broke above the $1.272 critical resistance. As of this writing, the currency pair’s value is approximately $1.277, stabilizing above the broken resistance.
Please note that the GBP/USD trend outlook remains bullish as long as prices exceed the immediate support ($1.271). If buying pressure exceeds $1.278, the next bullish target could be $1.285.
Conversely, the uptrend should be invalidated if GBP/USD dips below $1.271. The currency pair could dip toward the $1.261 support if this scenario unfolds.
