GBP/USD Short-Term Trading Strategy
The GBP/USD 30-minute chart shows price consolidation after a strong bullish rally. Currently, the pair is trading within a sideways range between 1.2538 - 1.2640.
Key Observations:
📌 Range-bound price action:
The pair is moving inside a rectangular range, indicating market indecision.
Trading Plan:
🔹 Sell: Near 1.2630 - 1.2640, target 1.2530, stop-loss above 1.2650.
🔹 Buy: At 1.2530 - 1.2520, target 1.2600 - 1.2640, stop-loss below 1.2510.
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