GBP/USD Technical Analysis (2H)

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GBP/USD Technical Analysis (2H)GBP/USDOANDA:GBPUSDMarketStrategysignalsπŸ“Š GBP/USD Technical Analysis (2H) πŸ’·πŸ“‰ πŸ” Market Overview GBP/USD remains in a bearish market structure, but the latest price action shows buyers attempting a recovery from the Premium Demand Zone. The recent bullish momentum suggests a possible retracement toward higher liquidity before the dominant trend resumes. πŸ“ˆ Bullish Scenario βœ… Price is reacting positively from the Premium Zone, indicating buyer interest. 🎯 Initial target: 1.3340 – 1.3360 (Fair Value Gap - FVG). 🎯 Extended target: 1.3390 (Order Block). πŸš€ A strong breakout above the FVG could push price toward the 1.3450 – 1.3480 Resistance Zone. πŸ“‰ Bearish Scenario ❌ If price fails inside the FVG/Order Block, sellers may regain control. 🎯 Downside target: 1.3200, followed by 1.3160 demand support. ⚠️ Rejection from the FVG would confirm the bearish trend continuation. πŸ’‘ Trading Outlook πŸ“Œ Bias: Short-term Bullish Retracement ↗️ | Long-term Bearish πŸ“‰ Key Levels 🟒 Support: 1.3180 – 1.3200 🟠 FVG/Order Block: 1.3340 – 1.3390 πŸ”΄ Major Resistance: 1.3450 – 1.3480 ⚠️ Wait for confirmation around the FVG before entering a trade. A bullish continuation requires a clean breakout, while a bearish rejection favors selling opportunities.