GBPUSD | Premium Zone Reached, Awaiting Confirmation

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GBPUSD | Premium Zone Reached, Awaiting ConfirmationGBP/USDOANDA:GBPUSDAlphaCapitalTradesGBPUSD has rallied into a key premium zone near the weekly highs, where liquidity is resting above the market. While bullish momentum remains intact, price is now testing an area that could attract profit-taking and institutional selling. My focus is on a potential bearish reaction from this zone, targeting the internal liquidity level around 1.3392. However, confirmation remains essential—without bearish price action, there is no trade. Key Levels 🔹 Weekly High Resistance: 1.3455 🔹 Entry Zone: 1.3440 🔹 Internal Liquidity Target: 1.3392 GBPUSD is trading beneath weekly highs after a strong bullish expansion. Price has entered a premium area where liquidity and resistance align, making it a potential reaction zone. If sellers step in and confirm weakness, a retracement toward internal liquidity could follow. Until then, patience remains the strategy.