GBPUSD REPEATATION OF STRUCTURE

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GBPUSD REPEATATION OF STRUCTUREBritish Pound / U.S. DollarFOREXCOM:GBPUSDThEDeViL18GBPUSD delivered a strong bearish displacement from the higher-timeframe supply zone, confirming seller dominance and driving price aggressively into a key demand area. The sharp decline successfully reached the projected downside objective, where price is now showing an initial reaction from support. The highlighted demand zone is the main area to watch. For a potential bullish reversal, price must develop a clear bullish confirmation pattern, such as a market structure shift, bullish engulfing candle, or a series of higher highs and higher lows. Without confirmation, any bounce remains a counter-trend reaction within the broader bearish move. If buyers defend this demand zone and establish bullish structure, price could retrace toward the previous imbalance and supply area. However, if the demand zone fails to hold, bearish momentum may continue and seek liquidity below the current lows.