GBP/USD Forecast: Pound Sterling could continue to hold above 1.2600
==========
GBP/USD lost traction and dropped below 1.2650 on Wednesday. The 200-day SMA aligns as strong support near 1.2600. Technical sellers could refrain from committing to an extended slide in the absence of fundamental drivers. The US Dollar held resilient against its major rivals on Tuesday. The UK's FTSE 100 Index trades lower, while US stock index futures rise. No data releases from the UK. The 200-day SMA aligns as strong support near 1.2600. First resistance is located at 1.2640 before 1.2670-1.2680 and 1.2710.