GBPUSD is currently in a down trend and the bulls are losing momentum after entering the resistance zone. The price has also broken and retested a recent ascending trend line in smaller time frames. Sellers can either sell from here or wait until price breaks under the resistance zone and target 1.26 initially.
If the pair breaks above this zone, the bulls have taken control and will likely push the price up to 1.285
If the pair breaks above this zone, the bulls have taken control and will likely push the price up to 1.285