GBP/USD: The Shakeout is Over. Buy the Dip to 1.3480!GBP/USDOANDA:GBPUSDLingridThe Pound is flexing its muscles! After weeks of "wedge-fighting" within a massive broadening formation, we’ve finally seen a clean breakout. Now, the market is offering us a textbook entry on the retracement. The Macro Context 🛰️ GBP/USD has been navigating a complex series of internal Wedge Patterns (one rising, one falling) inside a giant structural expansion. This "noise" has successfully flushed out weak hands, leaving the path clear for the next major impulse. The Setup: Buying the Retest 🧩 The Breakout: We recently saw a sharp impulsive move that cleared local resistance. The "Buy Area": Price is currently retracing toward our shaded grey box near 1.3320. The Confluence: This area represents the intersection of the previous breakout point and the new ascending support line. In technical terms, this is a "High-Probability Value Zone." The Roadmap: Target 1.3480 🎯 As long as the support holds, the trajectory is clear: Immediate Target: A retest of the recent local high at 1.3420. Main Objective: The upper macro resistance line at 1.3480. Invalidation: A sustained 2-hour close below 1.3280 would negate this bullish setup. Bottom Line 💡 Don't chase the green candles at the top. The "Buy Area" is designed to give you the best risk-reward ratio before the next leg up. If Cable holds the 1.3320 floor, we are looking at a straight shot to the 1.3480 handle. What’s your take? Is the Pound ready for a moonshot, or will the Dollar's strength spoil the party? Let me know in the comments! 👇 #GBPUSD #Forex #FX #TechnicalAnalysis #Cable #TradingStrategy #LingridForex