GBPJPY Is Cooling Off After Sweeping Liquidity 26/07GBP/JPYOANDA:GBPJPYAdrian_NovaTraderGBPJPY has entered a corrective phase after sweeping the H4 Buy-Side Liquidity (BSL) around 219.50. Following a strong markup from the previous accumulation, bullish momentum has begun to fade as price consolidates beneath a short-term descending trendline. This does not necessarily signal a bearish reversal. Instead, the current price action appears to be a healthy pullback within the broader bullish structure, with the market potentially seeking liquidity before buyers attempt another expansion. For now, buyers remain in control. The next reaction around the H4 Order Block will determine whether the uptrend is ready to continue. 📊 Currently • Price rejected the H4 BSL around 219.50 • Bullish momentum has weakened after the recent markup • Price is consolidating beneath a descending trendline • H4 liquidity rests around 217.50 • Major H4 Order Block sits at 216.60–216.80 • The broader H4 bullish structure remains intact • Buyers are approaching an important reaction zone 📈 Trading Plan Bias: Corrective Pullback Within a Bullish Structure Main Zone • 216.60–216.80 → H4 Order Block Execution Idea As long as price remains below the descending trendline, GBPJPY may continue correcting toward the H4 liquidity around 217.50 before testing the H4 Order Block at 216.60–216.80. This Order Block is the key area to monitor for buyer participation. A strong bullish reaction from this zone could confirm that the pullback is complete and support another move toward the recent highs. However, a confirmed H4 close below the Order Block would weaken the current bullish outlook and increase the probability of a deeper correction. 🎯 Targets → TP1: 217.50 → H4 Liquidity → TP2: 216.60–216.80 → H4 Order Block → TP3: 215.00 → H4 Small Order Block (if bearish momentum accelerates) ❌ Invalidation A confirmed H4 candle close below the 216.60–216.80 Order Block would invalidate the corrective pullback scenario and suggest that sellers are gaining greater control of the market. 💡 Key Insight Sweeping Buy-Side Liquidity often precedes a corrective phase rather than an immediate continuation. The reaction around the H4 Order Block will be critical in determining whether this remains a healthy pullback within the uptrend or develops into a deeper retracement. ❓ Key Question Will buyers defend the H4 Order Block and resume the uptrend, or is GBPJPY preparing for a deeper H4 correction?