GBPUSD Weekly Outlook (31st March 2024)

GBPUSD Analysis

Price on the 4 hour timeframe has created a bullish Change of Character, resulting in a complex pullback happening right now.

As it stands, currently bullish internal structure is still bullish, respecting the 4 hour and 1 hour order blocks.

Ideally, I want to see price action come down to the 1 hour Order block and show us confirmations for buy set up. Confirmations can come in a form of a bullish change of character, or a bullish engulfing on the 4 hour after tapping into the 1 hour Order block.

We will stay adaptive to the markets and react accordingly to what the market gives us.