GBP USD we have a great zone where price is heading to 1.27550. I will look for shorts from here. Going to the lower timeframe will help GBP/USD tested the underside of the trading range at 1.2585 before the economic data provided a boost, seeing the pair above both the 50 and 200-day simple moving averages (SMA). Continued bullish momentum appears like a major challenge as the US dollar has regained some lost ground after treasury yields successfully halted prior declines this week. Fading upside momentum is rather notable on the MACD indicator, revealing a steady decline.