GBP/USD is trading on the 2-hour timeframe after breaking out of a previous consolidation range (highlighted in purple). Price has rallied into a key resistance zone between 1.3518–1.3535 (blue shaded area), where it is showing signs of rejection.

The Ichimoku Cloud remains supportive beneath current price, but the pair is approaching a major supply area that has previously triggered selling pressure. A failure to sustain above 1.3518 could lead to a pullback toward the first support at 1.3429, with a deeper decline targeting 1.3370.

Target: 🎯 1.3370