GBP/USD

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GBP/USDGBP/USDOANDA:GBPUSDPadayacheeMchunu📈 GBP/USD Analysis | H4 Timeframe GBP/USD remains structurally bullish despite the recent pullback. The correction appears to be a healthy retracement into a high-probability demand zone rather than a complete trend reversal. 🔹 Market Structure Following a strong bullish impulse and a clear Break of Structure (BOS), price is retracing into a confluence area of demand, where buyers may look to re-enter the market. 🔹 Current Outlook The highlighted demand zone between 1.3380–1.3400 is a key area to monitor. If buyers defend this level and bullish confirmation develops, the pair could resume its upward trend. 🔹 Bullish Scenario A successful reaction from demand could see GBP/USD target the recent weak high before extending toward the higher-timeframe supply zone around **1.3640**. Liquidity resting above the previous highs provides an attractive objective for institutional buying. 🔹 Key Levels 📍 Demand Zone: 1.3380 – 1.3400 📍 Resistance: 1.3500 – 1.3550 📍 Major Bullish Target: 1.3640 💡 Trading Insight This bullish outlook aligns with the expectation of continued US Dollar weakness (DXY). As long as DXY remains under pressure, GBP/USD has the potential to continue higher. Waiting for bullish confirmation within the demand zone can improve trade quality and reduce unnecessary risk. ⚠️ *This analysis reflects my personal market outlook based on price action, liquidity, market structure, and Smart Money Concepts (SMC). It is intended for educational purposes and is not financial advice.*