GBPUSD Bullish SMC Setup: Buyers Targeting 1.3450 After LiquiditGBP/USDOANDA:GBPUSDIGT_TradersGBPUSD (H1) – Bullish SMC Analysis Bullish Recovery GBPUSD is showing signs of accumulation after a strong bearish decline. Price swept liquidity into the 1.3160–1.3180 demand zone and has since formed a bullish reaction, suggesting buyers are stepping back into the market. #Key SMC Observations ✅ Sell-Side Liquidity Sweep * The wick into the demand zone indicates a liquidity grab below recent lows. * Smart Money often targets these liquidity pools before initiating a reversal. ✅ Strong Demand Zone Reaction * Price reacted aggressively from the 1.3160–1.3180 demand zone, confirming institutional buying interest. * The demand zone remains the foundation of the current bullish setup. ✅ Bullish BOS Formation * A bullish Break of Structure (BOS) has formed after the liquidity sweep. * This signals that bearish momentum is weakening and buyers are gaining control. ✅ Entry Zone Reclaimed * Price has reclaimed the 1.3250 area, which was previously acting as resistance. * Holding above this level strengthens the bullish continuation scenario. #Important Levels 🟢 Demand Zone: 1.3160 – 1.3180 🔵 Current Entry Zone: Around 1.3230 – 1.3250 ⚠️ Bearish FVG: 1.3320 – 1.3340 🔴 HTF Supply Zone: 1.3400 – 1.3450 #Bullish Targets 🎯 Target 1: 1.3320 * First objective and mitigation of the bearish FVG. 🎯 Target 2: 1.3400 * Entry into the higher-timeframe supply zone. 🎯 Target 3: 1.3450 * Major liquidity target and upper boundary of HTF supply.