GBPUSD

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GBPUSDGBP/USDOANDA:GBPUSDProSignalaiOn GBP/USD (15m), the broader market structure has been bearish, with price making lower highs and lower lows after the sharp selloff from 1.3580–1.3590 supply. A Break of Structure (BOS) at 1.3565 indicates that buyers managed to push through a previous swing high, suggesting short-term strength. However, the overall downtrend is still intact, meaning this may be a corrective rally rather than a full reversal. The supply zone around 1.3580–1.3590 remains strong since price dropped aggressively from it earlier, showing sellers are firmly defending that level. The nearby demand at 1.3530–1.3540 is important because buyers stepped in with conviction there, fueling the current push higher. Deeper demand sits lower near 1.3500, which has historical significance, but price has yet to retest it on this leg. Currently, price is trading at 1.3557 and pressing into a reaction zone just under the marked supply. Price behavior suggests a likely rejection from here, with the arrowed path pointing toward a retracement back into demand at 1.3530–1.3540. If that demand holds, we could see another bounce attempt toward 1.3580; if it fails, downside continuation toward 1.3500 becomes probable. The trade bias is bearish, expecting sellers to reclaim control at or near this supply zone. The outlook would be invalidated if price closes decisively above 1.3590, as that would signal stronger bullish intent. Momentum has shifted short term toward buyers, shown by strong impulsive candles, but sellers remain favored overall unless supply is broken.