Watching TH Reaction Before Lower ET DeliveryBritish Pound vs US DollarPEPPERSTONE:GBPUSDSwisschart_SCTET = Engulf Target TH = Target Hit LQ = Liquidity TRZ = Trap Zone BS = Base Shoulder IBS = Ignore Base Shoulder GBPUSD is currently approaching a higher timeframe TH zone near 1.34697. The expectation remains for price to react from this area and continue the broader bearish delivery toward the lower ET objectives. Current execution plan: Entry: 1.34697 Stop Loss: 1.34780 Targets: TP1 — 1.34452 TP2 — 1.33670 TP3 — 1.33028 As long as the current TH remains respected, the bearish structure remains valid and the lower ET zones continue to be the primary focus. Current analysis focuses on liquidity behavior, structural reactions, and step-by-step market delivery. As precise as a Swiss watch.