GBPUSD is currently trading near a strong daily support zone after sweeping liquidity below recent lows. The market structure suggests that smart money may be accumulating positions before a potential bullish expansion.
Price is reacting from the 1.3150 support area while respecting the equilibrium zone around 1.3320. As long as buyers continue defending this region, GBPUSD could build momentum toward higher resistance levels.
The first bullish confirmation will come after a breakout above 1.3480. If price successfully holds above that resistance, the next targets could be 1.3670 and eventually the psychological 1.4000 level.
At the moment, the market still looks range-bound, but the recent liquidity sweep increases the probability of a reversal move to the upside.
Key Levels:
Support Zone: 1.3150 – 1.3200
Equilibrium Level: 1.3320
Resistance 1: 1.3480
Resistance 2: 1.3670
Final Target: 1.4000
Trading Plan:
Bullish bias above 1.3150
Buy confirmation above 1.3480
Main upside targets: 1.3670 → 1.4000
Bearish scenario activates below 1.3150
Short Caption:
GBPUSD may be preparing for a bullish expansion after sweeping liquidity from the daily support zone.
Price is reacting from the 1.3150 support area while respecting the equilibrium zone around 1.3320. As long as buyers continue defending this region, GBPUSD could build momentum toward higher resistance levels.
The first bullish confirmation will come after a breakout above 1.3480. If price successfully holds above that resistance, the next targets could be 1.3670 and eventually the psychological 1.4000 level.
At the moment, the market still looks range-bound, but the recent liquidity sweep increases the probability of a reversal move to the upside.
Key Levels:
Support Zone: 1.3150 – 1.3200
Equilibrium Level: 1.3320
Resistance 1: 1.3480
Resistance 2: 1.3670
Final Target: 1.4000
Trading Plan:
Bullish bias above 1.3150
Buy confirmation above 1.3480
Main upside targets: 1.3670 → 1.4000
Bearish scenario activates below 1.3150
Short Caption:
GBPUSD may be preparing for a bullish expansion after sweeping liquidity from the daily support zone.
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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.
Related publications
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.