GBPUSD Range Accumulation Signaling Potential Bullish Breakout
GBPUSD experienced a strong bearish decline earlier, but price action has now transitioned into a **sideways consolidation range** after finding support near the 1.3290 area. The market is currently moving within a horizontal structure while trading around the **Ichimoku cloud**, indicating weakening bearish momentum and a potential shift toward bullish recovery.
Repeated bounces from the range support suggest buyers are defending the lower boundary. If price breaks and holds above the range resistance, it could trigger a bullish continuation move.
**Targets:**
* **1st Target:** 1.3430
* **2nd Target:** 1.3510
A confirmed breakout above the resistance zone would likely open the path toward these upside targets.
Transaction en cours
Active Active Trade fermée: cible de profit atteinte
my first target is almost achieved now it time to move to next target 
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.