GBP/USD Analysis & Key Trading Zones

🚀 GBP/USD is at a crucial point, showing signs of potential movement. Here’s what to watch:

🔹 Daily Structure:

GBP/USD remains in a choppy range, showing indecision at key price levels.
Major liquidity zones remain below recent lows, making downside sweeps possible before any bullish continuation.
50% retracement level aligns with the next area of interest, suggesting a potential reaction point.
🔹 4H Structure & Liquidity Grabs:

The pair has tapped into a fresh 4H demand zone, which could fuel the next upside move.
Internal liquidity sweeps suggest GBP/USD may be gathering momentum for a push higher.
If price breaks a key 1H fractal high, it could confirm a shift in structure.
🔹 Key Levels to Watch:
✅ Support Zones:

1.2600 - 1.2580: Potential liquidity grab & bounce zone.
1.2550: Deeper support for high-probability longs.
❌ Resistance Zones:

1.2680 - 1.2700: A key supply area.
1.2750: Break above = bullish confirmation.
🔹 Trading Plan:
📊 If GBP/USD retests demand & holds, long positions targeting 1.2680+ are valid.
📊 If the dollar index weakens further, GBP/USD may see additional bullish momentum.
📊 If support fails, look for a break-and-retest of 1.2550 before considering longs again.

⚡ What’s your bias on GBP/USD? Bullish or Bearish? Drop your thoughts below! 👇📉📈

#GBPUSD #ForexTrading #PriceAction #SmartMoney #Liquidity #TradingView