GBP/USD — 2H PROFESSIONAL TECHNICAL ANALYSIS British Pound / U.S. DollarFOREXCOM:GBPUSDMarketStrategysignals🟢 GBP/USD — 2H PROFESSIONAL TECHNICAL ANALYSIS 📊🔥 📈 Market Structure & Trend GBP/USD is currently maintaining a strong bullish market structure on the 2-hour timeframe. After the previous bearish phase, price established a clear Change of Character (CHoCH), followed by a strong impulsive move to the upside. Since the reversal, the market has been printing higher highs and higher lows, confirming that buyers remain in control. Price is also respecting the broader ascending bullish channel, which supports the continuation of the bullish structure. 📈 🟣 Bullish Channel The price action is moving within a well-defined ascending channel. The lower boundary of this channel is currently acting as dynamic support, while the upper boundary represents the potential medium-term upside objective. As long as price continues to respect the channel and forms higher lows, the broader bullish scenario remains valid. 🧠📊 🟨 FVG — Potential Pullback Zone The highlighted Fair Value Gap (FVG) around 1.3555–1.3595 is an important area to monitor. After the recent strong bullish expansion, price may need to retrace and rebalance part of the previous move. A pullback toward this FVG could provide liquidity and potentially attract new buyers. The ideal scenario would be: Retracement ➡️ FVG mitigation ➡️ bullish rejection ➡️ continuation higher 🚀 Rather than chasing the current price, waiting for a reaction from the marked zone would provide a more structured setup. 🎯 Bullish Targets If buyers successfully defend the FVG and bullish momentum returns, the following levels become relevant: 🎯 TP1: 1.3650–1.3670 🎯 TP2: 1.3700 🎯 TP3: 1.3750 — major projected upside target The 1.3750 area also aligns closely with the projected upper portion of the bullish structure shown on the chart. 🔄 Expected Price Scenario The current price is trading near the recent highs, so a short-term correction should not automatically be interpreted as a trend reversal. A possible sequence is: Current area → short-term pullback → 1.3555–1.3595 FVG → bullish reaction → recovery above 1.3650 → continuation toward 1.3700–1.3750. 📈🔥 The market may first collect liquidity below the recent short-term lows before attempting another bullish expansion. ⚠️ Invalidation & Risk The bullish setup would become significantly weaker if price breaks and closes decisively below the 1.3555 area, particularly if the lower channel structure is also lost. A sustained break below this region could indicate that the market is entering a deeper correction rather than simply completing a normal pullback. Therefore, confirmation is important before considering any long continuation setup. ⚠️ 🧠 FINAL MARKET BIAS 📈 Overall Bias: BULLISH GBP/USD remains structurally bullish on the 2H chart, supported by the CHoCH, higher-high/higher-low formation, ascending channel, and marked FVG demand area. 🔥 Best approach: Avoid chasing the current move. Wait for a controlled pullback toward the 1.3555–1.3595 FVG zone, then look for bullish confirmation. Bullish continuation above support → 1.3650 → 1.3700 → 1.3750 🎯🚀 Technical scenario only — confirmation and risk management remain essential.