GBP/USD PROFESSIONAL CHART ANALYSIS LONG SETUPGBP/USDOANDA:GBPUSDTrade_ActionPrice previously moved in a descending channel, but momentum has shifted after strong rejection from the lows. Formation of a higher low near the demand zone suggests trend exhaustion on the downside. Current price action indicates a potential bullish reversal / corrective rally. Key Zones Demand / Buy Zone: 1.3340 – 1.3360 Strong rejection area + previous liquidity sweep Invalidation (Stop Loss): Below 1.3330 A clean break below this zone cancels bullish bias First Target: 1.3420 Second Target: 1.3460 Final Target: 1.3475 – 1.3480 Prior structure + channel resistance Price Action Confirmation Bullish reaction from demand with long lower wicks → buyers stepping in Consolidation above demand indicates accumulation Break and hold above 1.3400 strengthens bullish continuation Trading Bias Bias: Bullish (counter-trend correction / early reversal) Preferred Entry: Buy from demand zone on bullish confirmation Risk-to-Reward: Strong (clearly defined invalidation)