GBP/USD has tapped into a strong daily order block after a sustained bullish rally, and price is now reacting from a premium zone where sellers could begin stepping back into the market. The recent push higher appears to be targeting liquidity before a possible bearish expansion.
As long as price remains below the highlighted resistance area, the market may continue rotating lower toward the marked downside objectives at 1.3480 and 1.3405, with a deeper move into lower liquidity around 1.3265 remaining possible. The setup aligns with smart money concepts, showing a potential distribution phase after liquidity has been taken from the highs.
Traders should watch for confirmation and bearish continuation from this higher-timeframe zone. Clean structure, clear targets, and strong RR potential make this an interesting setup to monitor over the coming sessions. 📉🔥
As long as price remains below the highlighted resistance area, the market may continue rotating lower toward the marked downside objectives at 1.3480 and 1.3405, with a deeper move into lower liquidity around 1.3265 remaining possible. The setup aligns with smart money concepts, showing a potential distribution phase after liquidity has been taken from the highs.
Traders should watch for confirmation and bearish continuation from this higher-timeframe zone. Clean structure, clear targets, and strong RR potential make this an interesting setup to monitor over the coming sessions. 📉🔥
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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.