GBP/USD — Breakout Setup or Deeper Retracement?Great British Pound vs. US DollarFX:GBPUSDTheZimpact💷 GBP/USD has recovered strongly from the recent lows and is now pushing back into an important resistance zone. Price has also broken above the descending Dynamic SR and is forming a bullish structure, while the current consolidation suggests that buyers are attempting to build enough pressure for another move higher. 🏆 Previously: 📈 Bullish scenario The recent recovery has created a clear bullish move, with price reclaiming the previous structure and moving back toward the upper zone. The Dynamic SR has been broken, and price is now holding above the Golden Zone while approaching the next resistance. If buyers break and hold above the current zone, the next major zone could become the target for further upside. Dynamic SR breakout → Golden Zone reclaim → resistance breakout → bullish continuation. 📉 Bearish scenario The current Golden Zone remains an important support area. If price gets rejected from the resistance and breaks back below the Golden Zone, the bullish recovery could lose momentum. A stronger breakdown could then send price toward the lower demand zone. Golden Zone failure → support breakdown → deeper retracement. 🎯 Outlook GBP/USD is approaching a key decision point. The bullish structure remains interesting as long as price holds above the reclaimed areas, while the Liquidity key point above could become an important target if buyers manage to continue the move. Hold the Golden Zone → bullish structure remains intact. Break the resistance → liquidity target comes into focus. Lose the Golden Zone → deeper downside becomes likely. Dynamic SR breakout → zone reclaim → liquidity watch.