1. Sell at Range Highs: Consider selling near the upper boundary of the 1.280–1.267 range, with a 30-point stop loss on any effective breakout. The initial target is the lower end of the range at 1.267. 2. Bearish Bias Below 1.280: GBP/USD has broken below 1.280, and as long as it remains under this level, the outlook is bearish, with potential for a drop toward 1.260 or even lower. A move back above 1.280 would be needed to negate this downside expectation. 3. Short-Term Pivot: The key level to watch for short-term direction is 1.2735. Movements above or below this level may provide insight into the next directional bias.