GBPUSD is range bound, likely to break upwards
GBPUSD is presently observered to be range bound on 1H timeframe. However, a slight bullish divergence has been noticed on RSI indicating a likely upward breakout. Betting on the bullish reversal, an entry has been planned on breakout of R2 whereas SL has been placed below S1. TP has been suitably placed on 1:1 RRR.