GBP/USD: Poised for the Next Breakout?

GBP/USD: Poised for the Next Breakout?

Since early March, GBP/USD has been trading within a tight range between 1.2855 and 1.2985, showing little movement beyond these levels. However, with the upcoming quarterly transition and new U.S. tariffs, fresh volatility could be on the horizon.

Trading Scenarios: Range Play or Breakout?

🔹 As long as GBP/USD remains within this range, the primary strategy is to sell near the upper boundary and buy near the lower boundary, while keeping an eye on potential breakouts.

🔹 Alternatively, traders could wait for a breakout and look for a trend continuation setup. In this case, classic trend-following strategies could provide a solid approach.

Potential Targets and Risk-Reward Considerations

📊 Within the range, the expected price movement is around 100 pips, whereas a breakout could offer opportunities of around 150 pips.

Stay vigilant – with the quarterly transition approaching, GBP/USD may soon experience its next major move.

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