GBPUSD Technical Target Analysis (1H Chart)

GBPUSD Technical Target Analysis (1H Chart)

My chart shows:

A descending trendline that price is currently testing.

Price is sitting inside the Ichimoku cloud, attempting to break upward.

Two Target Point levels marked on my chart.

Based on the structure visible:

Target Levels From my Chart

Target 1 — Short-Term / First Resistance

1.3150 – 1.3160 zone

This is the level my marked as my first target.
It matches:

First major horizontal resistance

A typical breakout-level retest

Mid-range liquidity zone

This is a logical TP1 after a trendline break.

Target 2 — Extended Target / Full Bullish Move

1.3195 – 1.3205 zone

This is my second “Target Point” at the top.
It aligns with:

Higher-timeframe resistance

Prior rejection zone

Completion of a measured move

This is the likely TP2 if price pushes fully out of the cloud and breaks the trendline cleanly.

Summary

Target Price Zone Reason

Target 1 1.3150 – 1.3160 First major resistance after breakout
Target 2 1.3195 – 1.3205 Next structural high + full extension