📊 Market Structure Overview:
After forming a swing low near 1.3474, GBPUSD respected the demand zone and initiated a strong bullish impulse.
This rally broke above internal market structure, triggering a Break of Structure (BOS) at 1.3519, indicating a momentum shift favoring the bulls.
A short-term retracement is anticipated, offering a potential higher low formation before continuation toward untested higher timeframe liquidity.
📌 Key Zones ("Your Borders"):
🟢 Demand Zone (Support / Re-Entry Area)
Level: 1.3480 – 1.3495
This green demand block is strategically positioned just above the 0.5 Fibonacci retracement level (1.3490) and below the IDM low (1.3474).
This confluence adds strength to the zone, making it a high-probability re-accumulation area where buyers are expected to defend.
If price retests this level after the recent BOS, it may present an ideal long entry opportunity with a bullish continuation target above the local high.
⚪ Mid Supply Zone (Breakout Zone)
Level: 1.3519 – 1.3530 (gray shaded area)
This zone was the prior resistance level before the BOS. Now that price has broken above, it may act as a minor resistance-turned-support if price consolidates or pulls back temporarily.
🔄 Price Expectation:
A pullback into the 1.3480–1.3495 demand zone is anticipated to attract renewed buying pressure.
If bullish structure holds, the market is likely to form a higher low, then resume upward momentum, potentially breaking through the minor supply near 1.3530 and targeting 1.3550–1.3570 as a liquidity draw.
A failure to hold above the IDM low at 1.3474 and the structural CHoCH at 1.3461 would invalidate the bullish scenario and shift bias back to the downside.
After forming a swing low near 1.3474, GBPUSD respected the demand zone and initiated a strong bullish impulse.
This rally broke above internal market structure, triggering a Break of Structure (BOS) at 1.3519, indicating a momentum shift favoring the bulls.
A short-term retracement is anticipated, offering a potential higher low formation before continuation toward untested higher timeframe liquidity.
📌 Key Zones ("Your Borders"):
🟢 Demand Zone (Support / Re-Entry Area)
Level: 1.3480 – 1.3495
This green demand block is strategically positioned just above the 0.5 Fibonacci retracement level (1.3490) and below the IDM low (1.3474).
This confluence adds strength to the zone, making it a high-probability re-accumulation area where buyers are expected to defend.
If price retests this level after the recent BOS, it may present an ideal long entry opportunity with a bullish continuation target above the local high.
⚪ Mid Supply Zone (Breakout Zone)
Level: 1.3519 – 1.3530 (gray shaded area)
This zone was the prior resistance level before the BOS. Now that price has broken above, it may act as a minor resistance-turned-support if price consolidates or pulls back temporarily.
🔄 Price Expectation:
A pullback into the 1.3480–1.3495 demand zone is anticipated to attract renewed buying pressure.
If bullish structure holds, the market is likely to form a higher low, then resume upward momentum, potentially breaking through the minor supply near 1.3530 and targeting 1.3550–1.3570 as a liquidity draw.
A failure to hold above the IDM low at 1.3474 and the structural CHoCH at 1.3461 would invalidate the bullish scenario and shift bias back to the downside.
Looking for powerful AI trading signals? Visit ProSignal.ai and take your trading to the next level! or join our telegram channel at t.me/prosignalai
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Looking for powerful AI trading signals? Visit ProSignal.ai and take your trading to the next level! or join our telegram channel at t.me/prosignalai
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.