GBPUSD — We Stand at the Rubicon. Major Breakout Is Brewing. FRLBritish Pound/US DollarFX:GBPUSDborschenkovitcThe GBPUSD chart is presenting a rare moment of confluence and clarity — the perfect environment for a high-probability reversal. The market is pressed against a crucial decision point, and the coming breakout will define the next major trend. Let’s get into the structure: Key Structure: Double Bottom or Continuation? We are currently inside a local corrective downtrend, nested within a much larger bullish channel. According to Fractal Reversal Law (FRL), this correction is showing signs of exhaustion and is likely to terminate with a reversal pattern — a double bottom is forming right now. The neckline of this potential pattern lies at 1.3485, which also marks the origin of the last impulse wave. This is the Rubicon — a horizontal barrier that separates indecision from trend reversal. ✅ Why I Lean Long (Strong Bias for Reversal) The local downtrend is weaker than the larger trend it counteracts — it’s corrective by nature. FRL structure (Double Bottom) is clean and supported by price behavior near dynamic support. 100MA on the Daily sits just beneath, providing key confluence as price reacts. MACD bullish divergence on H4 is developing right as the second bottom takes shape — classic timing. Fundamentally, the USD still lacks momentum for a sustained rally — macro pressure leans against the bearish case. 🔴 Bearish Alternative? Yes, we must acknowledge the possibility of a broader double top forming on the Daily timeframe. But for now, it’s only potential — not confirmed — and lacks structural symmetry and conviction. This is not the scenario I prioritize. Execution Plan — No Emotion in the Uncertainty Zone We won’t act emotionally inside the chop zone between 1.3300 and 1.3480. We trade confirmation only: A clean H1 close above 1.3485 activates the long setup — reversal confirmed by neckline break. Alternatively, a Daily close below 1.3300 may validate the bearish breakdown. Until then, we observe. But structurally, I believe the path of least resistance is up. 🔺 Target Zones: If confirmed, this breakout has legs toward 1.3700–1.3900, based on the measured move from the base to neckline. Stop-loss logic aligns naturally under 1.3300 — outside the pattern and below 100MA support. Final Words Markets rarely give such structured signals — and when they do, it pays to be patient. Everything points to the potential completion of a local bearish phase. All that’s left is the trigger — and then, the phase shift begins.