GBPUSD BOTH STRUCTURE & UPSIDE POTENTIAL

Aug 14

GBPUSD is currently showing a bullish market structure on the 1H timeframe, with buyers maintaining control after a series of Higher Lows (HL) and previous Breaks of Structure (BOS). Price has recently pushed strongly upward from the support area and is now approaching an important resistance/liquidity zone.

📊 MARKET STRUCTURE:

The chart shows a clear sequence of Higher Lows (HL) followed by bullish Breaks of Structure (BOS), indicating that buyers have been active throughout the recent move. The latest bullish expansion suggests that momentum is currently favoring the upside.

However, GBPUSD is now testing a key resistance area, so a short-term rejection or pullback should also be monitored before the next major move.

🟢 DEMAND ZONE:

The 1.3495–1.3505 region is an important demand zone. If price retraces into this area and buyers defend it, GBPUSD could use the zone as a base for another bullish continuation a deeper support level is located around 1.3484, while 1.3460 is the next major downside support.

🔴 RESISTANCE & LIQUIDITY:

The 1.3538–1.3545 region is the key resistance/liquidity zone visible on the chart. Price has already shown strong momentum toward this area a clean breakout and 1H candle close above resistance could confirm further bullish continuation and expose the higher liquidity zone around 1.3555–1.3560.

🎯 UPSIDE TARGETS:

Target 1 → 1.3545
Target 2 → 1.3555
Target 3 → 1.3560+ — Higher Liquidity

If GBPUSD fails to break the resistance zone and gets rejected, price may retrace toward 1.3500 demand. A bearish break below 1.3484 would weaken the immediate bullish structure and could expose 1.3460 support.

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Aug 15

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