GbpUsd- Rise above 1.3? Nice 1:3.5 R:R trade spotted

In early October, GBPUSD bottomed out in the 1.2 zone and entered a consolidation phase that persisted throughout the month. November marked a positive shift as the pair embarked on a robust uptrend, driving it approximately 800 pips higher.

Come December, the pair transitioned into another consolidation phase, establishing a clear support base at 1.26 and a resistance ceiling around the 1.28 zone. Recent price movements indicate the potential for a breakout, hinting at a prospective rise beyond the significant psychological figure of 1.3.

In the medium term, my target is set at the 1.3150 zone, aligning with the vicinity of the recent high resistance level.