GBP/USD Breakout Confirmation – Next Move to 1.3068?

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Eye-Catching Heading:

Description:
GBP/USD has broken out of a falling wedge pattern, signaling a potential bullish continuation. The breakout aligns with strong momentum, and we are now observing a retracement before the next leg higher.

Key levels to watch:

Support Zone: 1.2880 - 1.2854 (marked in red)

Target Zone: 1.3068 (highlighted in green)


The price is currently in a pullback phase, which could offer a great buying opportunity before the next bullish wave towards the 1.3068 level. Confirmation of a higher low in the gray zone could validate further upside movement.

What are your thoughts on this setup

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