GBPUSD | Apr 13 - 17, 2026British Pound / US DollarCAPITALCOM:GBPUSDSM-TLabBias After sweeping low liquidity and rejecting bearish order flow, GBPUSD has shifted into a bullish reversal pattern. A new bullish structure and order flow are in play. Next target: 1.35770. Narrative The bullish structure/order flow has not yet been tested. Expectation: price to pull back first into the daily FVG at 1.33790, with possible extension into the FVA at 1.33450. After testing these levels, the bullish trend is expected to resume. Context Strong bullish pressure lowers the probability of a deep retracement. If price runs the swing high at 1.34850, a new continuation narrative will be required. In that case, traders should look for setups such as a 4H bullish FVG to trade from.