GBP/USD Technical Analysis (2H)GBP/USDOANDA:GBPUSDMarketStrategysignalsπ GBP/USD Technical Analysis (2H) π·π π 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. π Bullish Scenario β Price is reacting positively from the Premium Zone, indicating buyer interest. π― Initial target: 1.3340 β 1.3360 (Fair Value Gap - FVG). π― Extended target: 1.3390 (Order Block). π A strong breakout above the FVG could push price toward the 1.3450 β 1.3480 Resistance Zone. π Bearish Scenario β If price fails inside the FVG/Order Block, sellers may regain control. π― Downside target: 1.3200, followed by 1.3160 demand support. β οΈ Rejection from the FVG would confirm the bearish trend continuation. π‘ Trading Outlook π Bias: Short-term Bullish Retracement βοΈ | Long-term Bearish π Key Levels π’ Support: 1.3180 β 1.3200 π FVG/Order Block: 1.3340 β 1.3390 π΄ Major Resistance: 1.3450 β 1.3480 β οΈ Wait for confirmation around the FVG before entering a trade. A bullish continuation requires a clean breakout, while a bearish rejection favors selling opportunities.