GBP/USD – Potential Bullish Recovery from Weekly Lows GBP/USDOANDA:GBPUSDMarketStrategysignals GBP/USD – Potential Bullish Recovery from Weekly Lows 📈 🔍 Market Overview GBP/USD experienced a strong bearish breakdown after failing to maintain momentum inside the ascending channel. The rejection near the channel resistance (marked by the red arrow) triggered aggressive selling pressure, causing price to break structure and drop toward the Weekly Low liquidity zone. The recent sell-off appears to have swept liquidity beneath short-term support, where buyers are now attempting to regain control. 📉 Bearish Move Explained 🔻 Price was trading within an ascending channel, indicating a temporary bullish correction. 🔻 Sellers stepped in near resistance, creating a sharp rejection and forcing a breakdown below the channel. 🔻 The impulsive bearish candle confirms strong institutional selling pressure and a shift in short-term market sentiment. 🔻 This move likely targeted liquidity resting below previous lows before finding support around the weekly low area. 📊 Current Market Structure At present, price is consolidating after the sharp decline. ✅ The Weekly Low has successfully attracted buying interest. ✅ Short-term bullish candles suggest sellers are losing momentum. ✅ The market may now seek to rebalance inefficiencies created during the rapid sell-off. This increases the probability of a corrective bullish move before the next major directional decision. 🎯 Bullish Scenario If buyers continue defending the current support area: ➡️ Price could retrace into the Fair Value Gap (FVG). ➡️ The next key target is the Order Block (OB) around the 1.3300 region. ➡️ A successful reclaim of the OB could open the door for a larger recovery toward previous range highs. The projected path on the chart suggests a gradual accumulation phase followed by an upward expansion into the imbalance zone. ⚠️ Risk Factors ❌ Failure to hold above the Weekly Low would invalidate the bullish recovery setup. ❌ A fresh breakdown below current support may trigger another liquidity hunt and continuation of the broader bearish trend. ❌ Traders should monitor price action closely around the FVG and OB, as these zones may attract renewed selling pressure. 📌 Key Levels 🛡️ Support: Weekly Low Area (1.3160 – 1.3180) 📍 Current Price: 1.3250 🎯 Target 1: Fair Value Gap (FVG) 🎯 Target 2: Order Block (OB) around 1.3300 🚀 Extended Target: Previous range resistance 💡 Trading View The market has completed a significant liquidity sweep near the weekly lows. As long as buyers protect the current support zone, GBP/USD has the potential to stage a corrective rally toward the FVG and Order Block before the next major trend decision. Bias: Bullish Recovery 📈 Structure: Corrective Rebound 🔄 Target Zone: FVG ➝ OB 🎯