This pair has been treading smoothly to the upside creating higher lows whilst respecting order blocks on its way up.
We are coming to a highly liquid area in the market that will be more than likely manipulated.
We have two scenarios for GBPUSD
- We either pull back aggressively into the previous structure before purging the huge supply zone holding above 1.4
OR
- We push up aggressively here to gather liquidity from the supply zone before collapsing to the downside. We have untested order blocks and HL's to wipe out, so this could be a huge sell when the time is right.