GBPUSD – 1 Month Analysis (Long-Term Outlook)British Pound Sterling / United States DollarCMCMARKETS:GBPUSDGreenfireforexStrategy Used: ✔ Smart Money Concept (SMC) ✔ Elliott Wave Theory ✔ Wedge Pattern Breakout --- 🔍 Chart Overview: The pair has completed a classic falling wedge pattern, hinting at a potential long-term bullish reversal. Wave 5 completion suggests the start of a new cycle or correction (ABC). Currently in a buyer-dominated zone, with momentum pushing towards the key supply area (seller zone) marked in blue. A breakout above this zone could indicate continuation toward major highs, while rejection might trigger Wave C or a deeper corrective structure. --- 💡 Key Levels: Immediate Support Zones: 1.2550 - 1.2700 (Buyer's Checkpoint) 1.2000 - 1.2200 (Deeper Buyer Interest) Major Resistance / Supply Zone: 1.5500 - 1.6000 --- 🧠 SMC Perspective: Break of Structure (BoS) confirms bullish intent in multiple zones. Expecting reaction from premium zone – either for continuation or smart money reversal. --- 🌀 Elliott Wave Outlook (Box Inset): Current wave structure hints at a completed 5-wave impulsive decline. Now in early stages of ABC correction. Targeting Wave C to reach the major supply zone in the long-term. --- 📌 Summary: A macro bullish opportunity is unfolding after years of consolidation and impulse decline. Keep eyes on higher timeframe confirmations and reactions at key zones. This chart aligns well with institutional footprints and macro price action logic.