GBP/USD - Triangle Pattern + CPI ahead (12.08.2026)GBP/USDOANDA:GBPUSDKABHI_TA_TRADINGGBP/USD – M30 – Triangle Breakout Pattern GBPUSD GBP/USD is forming a tightening triangle with price consolidating near 1.3500. The bullish entry is triggered by a strong M30 candle, confirming a breakout of the descending trendline and opening the way toward the 1.3550 psychological level. -------------------------------------- ✅Key levels & invalidation 1st Resistance: 1.35361 2nd Resistance: 1.35500 Support Zone: 1.3493–1.3497 Invalidation: A sustained M30 close below 1.3493 would invalidate the bullish breakout setup and shift the structure back toward bearish pressure. ---------------------------------------- ✅Macro Updates : (12.08.2026) Dollar remains in focus ahead of CPI — the upcoming inflation data is helping keep GBP/USD volatility contained around the triangle breakout area. -------------------------------------- Disclaimer This analysis is provided for educational and informational purposes only and does not constitute financial advice. ---------------------------------------- ✅Off to you The setup looks constructive, but the breakout may depend heavily on the U.S. CPI reaction. What is your bias on GBP/USD ahead of the data?