GBPUSD Range Formation Before Potential Area

GBPUSD Technical Outlook – Range Formation Before Potential Breakout

GBPUSD is currently forming a trading range, suggesting a counter-trend correction is in play. This consolidation could precede a continuation move, depending on how price reacts to key levels.

🔍 Technical Levels to Watch (1H Chart):

✅ Bullish Scenario:
A 1H candle close above 1.36000, and especially 1.36200, would signal strength and open the door for a push toward the next resistance levels.

⚠️ Bearish Scenario:
A clear break below 1.36200 (if price fails to hold support) may shift the structure bearish, with downside potential toward 1.3500 support zone.

If you like this idea if you have on Opinion about this analysis share in comments Thanks for Supporting.