GBP/USD – Bearish Scenario for the Week

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GBP/USD – Bearish Scenario for the WeekBritish Pound vs US DollarPEPPERSTONE:GBPUSDShaboS**GBP/USD – Bearish Scenario for the Week πŸ“‰** As outlined in my previous post, the **U.S. Dollar remains bullish**. From an intermarket perspective, this supports a **bearish outlook for GBP/USD**. My preferred scenario is a **bullish retracement at the beginning of the week**, allowing price to move into the **Optimal Trade Entry (OTE) zone (0.618–0.79 Fibonacci retracement)** of the last bearish market structure break. If the market shows a **bearish reaction** from this area and confirms the setup through price action, a continuation to the downside becomes a realistic scenario. **Below the current price, several sell-side liquidity pools remain untouched**, providing potential downside targets if the bearish trend continues. As always, I don't predict the marketβ€”I prepare for scenarios and wait for confirmation before considering an entry. #Trading #Forex #GBPUSD #ICT #PriceAction #OTE #Fibonacci #Liquidity #SellSideLiquidity #MarketStructure #SmartMoney #USD #DayTrading