GBPUSD — Waiting For The Final Retracement Before The Next BulliBritish Pound vs US DollarPEPPERSTONE:GBPUSDSwisschart_SCTET = Engulf Target TH = Target Hit ML = Magnet Level TRZ = Trap Zone BS = Base Shoulder FS = Final Shoulder IBS = Ignore Base Shoulder Our overall outlook on GBPUSD remains bullish, in line with last week's analysis. At the same time, I still expect one more bearish retracement into the highlighted demand zone before the next impulsive move higher. A short position from the current area is possible, but it would require a relatively wide stop loss, resulting in an unfavorable risk-to-reward profile. For that reason, I have no interest in selling at current prices. Instead, the plan is to wait for price to reach the mapped demand zone and then evaluate the structure for a potential buy setup. Patience remains part of the execution plan. Current analysis focuses on liquidity behavior, structural reactions, and step-by-step market delivery. As precise as a Swiss watch.