Wyckoff Logic - A potential accumulation phase GBPUSD 4h

After a down trend, the price action changes its character forming a consolidation between the bottom range at 1.26213 and the top range at 1.28040.
If the price breaks the top range with a new high and is followed by a retreat that stops somewhere in the (top of a range) area, we will have confirmed the consolidation as the accumulation phase and we can expect to see the mark up phase with the first target at 1.29978 and the second target at 1.31450.