GBPUSD DAILY TF - BUYS!!

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GBPUSD DAILY TF - BUYS!!British Pound / U.S. DollarFOREXCOM:GBPUSDjkholmesGBPUSD D1 Analysis: Buyers Remain in Control GBPUSD continues to maintain a bullish market structure on the daily timeframe despite the recent consolidation phase. The market previously broke above a significant swing high, confirming a Break of Structure (BOS) and signaling a shift in order flow toward the upside. Following the impulsive move higher, price has entered a corrective phase, retracing into a key area of demand while maintaining higher lows on the larger timeframe. Market Structure The daily structure remains bullish. The previous BOS confirms that buyers are still in control. Current price action appears to be a retracement rather than a trend reversal. Key Levels Resistance Zone: 1.3650 – 1.3700 This area represents a significant supply zone where sellers previously entered the market. A successful break above this level could open the path toward the major daily highs around 1.3800. Demand Zone: 1.3100 – 1.3150 The highlighted demand area aligns with the origin of the last impulsive move higher. This zone remains the most important support level for maintaining the bullish outlook. Trade Idea As long as price remains above the daily demand zone and continues to respect bullish structure, the expectation is for buyers to target the previous highs. Bullish Scenario: Continued accumulation above support. Break and close above the current range. Expansion toward 1.3800 and potentially beyond. Bearish Invalidation: A decisive daily close below the demand zone around 1.3100. Failure to hold higher lows. Shift in market structure favoring sellers. Outlook The current consolidation appears to be a pause within the broader uptrend. Until the daily demand zone is broken, the path of least resistance remains to the upside, with the previous highs serving as the primary target for buyers. Bias: Bullish Target: 1.3800 Invalidation: Daily close below 1.3100