GBP/USD Testing Key Resistance at 1.2770 – Breakout or reversal?

Technical analysis shows that GBPUSD is near a psychological resistance range of 1.2750-1.2770. If the price breaks above this resistance, there is strong potential for an upward movement toward 1.2800-1.2850, supported by momentum indicators such as RSI and MACD, which still indicate a weak bullish trend.

Trading Recommendations:
Entry Point (TP1): 1.2761

Target 1 (TP2): 1.2940

Target 2 (TP3): 1.3160

Stop Loss: 1.2500