GBPUSD Monthly Analysis: Bearish Outlook from Origin Order Block

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GBPUSD Monthly Analysis: Bearish Outlook from Origin Order BlockGreat British Pound vs. US DollarFX:GBPUSDDrGhanizadehMarket Analysis (SMC Perspective): The GBPUSD monthly timeframe is showing a clear bearish structure. Following the established downtrend marked by multiple Break of Structure (BOS) points, the price is currently approaching a key supply zone. Key Technical Highlights: Structural Context: The pair has maintained a bearish bias on the monthly scale, with lower lows and lower highs confirming the trend continuation. Supply Zones: We have identified two critical areas of interest (AOI): Extreme Order Block (OB): Situated at the historical highs, acting as a major resistance level. Origin Order Block (OB): The current target zone. The price is showing signs of respecting this supply area, which aligns with previous structural resistance. Current Price Action: Price has recently created an Inducement (IDM) and confirmed a short-term structure shift, suggesting that the current rally is likely a pullback into the Origin OB before the next impulsive move to the downside. Trade Outlook: The current setup suggests a potential bearish reversal or significant rejection from the Origin Order Block. I am anticipating a clean sweep of liquidity followed by a sharp move towards the lower structural targets (the previous low). Strategy: Watch for signs of exhaustion within the Origin OB. Look for internal structure shifts (MSS) on lower timeframes to confirm entries. Bearish bias remains dominant as long as the price stays below the identified supply levels. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence.