GBP/USD Technical Setup: Bulls Eye Range Breakout
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GBP/USD remains locked in a tightening range as momentum indicators flatten, signaling indecision among market participants ahead of fresh catalysts.
Price action continues to respect established support and resistance boundaries, with traders watching for a decisive close beyond recent swing highs or lows to confirm the next directional leg.
A sustained break above resistance would likely draw in trend-following buyers, while failure to hold support could reopen downside pressure toward prior demand zones.