gbpusd analysis READ CAPTION)British Pound/US DollarFX:GBPUSDMoriss365Market Structure & Setup Price recently formed a strong impulsive move up inside a rising channel, followed by a sharp correction and now showing signs of recovery. The structure suggests a potential continuation after retracement. 🔍 Key Zones Resistance: 4,707 – 4,800 → Previous rejection zone + liquidity area Support (Major): 4,629 → Holding level after pullback Support (Lower): 4,560 → Strong demand / invalidation zone 📈 Pattern Insight Clear bullish channel breakout → pullback → re-accumulation Price is forming a rounded bottom / liquidity sweep (U-shape) Possible higher low formation, indicating trend continuation ⚡ Smart Money Concept (SMC) FVG (Fair Value Gap) below current price acting as support Liquidity likely taken below support before continuation Market building momentum for next push up 🎯 Trade Idea Bullish Scenario: Entry: Above 4,650–4,680 confirmation Target 1: 4,707 (Resistance) Target 2: 4,800 (Target Point 🚀) Bearish Scenario (Invalidation): Break below 4,560 → trend shift Possible continuation downward 🧠 Reasoning Strong prior uptrend = buyers in control Pullback looks corrective, not reversal Support holding + structure forming higher low Liquidity grab increases probability of upside continuation 🧾 Summary Market is currently in a buy-the-dip phase within an overall bullish structure. As long as price holds above key support, continuation toward 4,800 remains likely.