GBPAUD: Bullish Structure HoldsBritish Pound vs Australian DollarFPMARKETS:GBPAUDJhibiGBPAUD is currently trading around 1.9103 after a strong bullish recovery from the daily demand/support area. Price is now testing an important liquidity/resistance zone around 1.9120 – 1.9150. On the Daily timeframe, the pair remains bullish after a clear reaction from demand. Price has reclaimed previous resistance areas, which supports the bullish outlook. However, price is now close to upper liquidity, so buying directly at the high is not the best option. On the 4H timeframe, the short-term structure is clearly bullish. The move created important zones below price: FVG zone: around 1.8950 – 1.8990 Main demand area: around 1.8900 – 1.8930 Current upper liquidity/resistance: around 1.9120 – 1.9150 On the 1H timeframe, price is consolidating near the top after a strong bullish move. The key intraday support is around 1.9035 – 1.9045. As long as price holds above this area, the bullish scenario remains stronger. Expected Direction The preferred direction is still bullish while price holds above 1.9035 – 1.9045. The best scenario is a shallow pullback toward 1.9040 – 1.9050, followed by a bullish reaction. If this happens, the next upside targets are: 1.9125 1.9150 Possible extension toward 1.9200 if price breaks and accepts above the current liquidity zone. If price breaks below 1.9035 with a clear 1H close, the bullish momentum weakens, and a deeper correction may start toward: 1.8990 1.8950 Then the stronger demand zone around 1.8900 – 1.8930 Approximate Wave Count The current bullish move from the last major low looks like an impulsive bullish sequence. Price appears to be in the late stage of the move, possibly Wave 5 or a final extension before correction. This means the overall bias is still bullish, but buying from the current high carries more risk. A pullback or a confirmed breakout is safer. Conclusion GBPAUD remains technically bullish, but price is now near upper liquidity/resistance. The best bullish opportunity would be from a pullback toward 1.9040 – 1.9050. A clear break below 1.9035 would weaken the bullish scenario and open the door for a deeper correction.