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.
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