GBPUSD BIG MOVE COMING?

Structure Overview:
The market has been ranging within a clear horizontal consolidation zone, with two key zones:

Support Zone: 1.32600 - 1.33000 (gray box at the bottom)

Resistance Zone: 1.33500 - 1.33800 (gray box at the top)

Price recently broke above the upper consolidation range, suggesting bullish momentum.

🔍 Analysis:

The pair has broken out of the consolidation range after multiple rejections from the support zone.

We now look for a potential retest of the previous resistance (1.33500 area) as new support.

Two potential bullish continuation scenarios are highlighted:

📌 Trade Plan:
Scenario 1 – Immediate Continuation:

If price holds above 1.33500, look for bullish continuation toward:

TP1: 1.34026

TP2: 1.34208

Scenario 2 – Retest Setup:

Wait for a pullback to the 1.33000–1.33500 zone.

Confirmation of bullish rejection (e.g., bullish engulfing or pin bar) could provide a high-probability long setup.

Entry: After bullish confirmation in retest zone

SL: Below 1.33000 (invalidates breakout)

TP: 1.34026 / 1.34208

📉 Invalidations:

A clean break and close below 1.33000 may suggest a failed breakout, putting 1.32600 back into play.

🧠 Bias: Bullish (as long as 1.33000 holds)

🕒 Timeframe: 4H