GBPUSD recently pushed into the major supply zone and swept liquidity above the previous highs. That move looked aggressive, but instead of continuation, we’re now seeing a pullback.
For me, this pullback is not weakness, it looks more like a reset into demand.
Price is currently moving back toward the protected demand zone and deeper discount area. If buyers step in here and structure holds, the market could attempt another move toward the highs. The overall structure remains intact as long as the deeper demand zone is respected.
Right now, the focus is simple:
Reaction inside demand will decide the next leg.
No need to predict. Just watch how price behaves at key levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk. Always manage your risk properly.
For me, this pullback is not weakness, it looks more like a reset into demand.
Price is currently moving back toward the protected demand zone and deeper discount area. If buyers step in here and structure holds, the market could attempt another move toward the highs. The overall structure remains intact as long as the deeper demand zone is respected.
Right now, the focus is simple:
Reaction inside demand will decide the next leg.
No need to predict. Just watch how price behaves at key levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk. Always manage your risk properly.
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