GBP/USD OUTLOOKGreat Britan Pound / US DollarEIGHTCAP:GBPUSDhustlewithtamOn the monthly timeframe, GBP/USD pushed back up this July to retest a key resistance zone, which originally acted as a strong demand area back in January 2022. This level was first tapped again in June, leading to a rejection—and now, July has repeated that pattern, dropping 421 pips from that same zone. Price is now entering a monthly support level that was previously resistance, showing signs of a potential bounce. My current bias is bullish from this support area, with the expectation that price may begin to climb again from here. Ideally, I would like to see price eventually reach the next significant demand zone, which was formed in July 2021. However, that level is still quite a distance away, so in the short term, I will be focusing on buy setups. My plan is to enter longs, placing stop losses just below major daily points of interest (POIs). This approach allows flexibility while managing risk appropriately. ⚠️ Reminder: There is major USD news this week, so it’s crucial to stay disciplined. Always protect your capital and risk no more than 1–2% per day. Stay patient, stay focused. Happy trading!