GBP/USD Bullish Above 1.2600, Key Central Bank Meetings Eyed

The GBP/USD pair is currently positioned at 1.2740, aligning with the median line of the prevailing bullish channel. Despite this, the overall trend continues to be bullish, with the pair situated in a buying zone above the median line. Nonetheless, a further decline could potentially push the price down to the 1.2600 level. Meetings of the Federal Open Market Committee (FOMC) and the Bank of England (BoE) scheduled for this week could introduce additional volatility for the pair.