As a result, the bulls can ignore the latest inaction while keeping their eyes on the Year-To-Date (YTD) high of 1.2525, marked earlier in April.
Following that, the 1.2600 round figure and the May 2022 peak of around 1.2665 will be in focus.
Meanwhile, GBP/USD may witness intraday selling on a clear downside break of the nearby resistance-turned-support line of around 1.2415.
In that case, the three-week-old support line and the 100-SMA, respectively near 1.2370 and 1.2355, will be in focus.
It’s worth noting, however, that the GBP/USD bears should remain cautious until witnessing a daily closing below the one-month-long horizontal support zone surrounding 1.2200-2180.
Overall, GBP/USD remains on the bull’s radar even if the pre-data anxiety prods upside momentum of late.
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