GBPUSD: Bullish Impulse & Consolidation Retest Setup 🚀
Description:
GBPUSD is displaying strong bullish intent on the 2h timeframe after a decisive breakout from a prolonged consolidation range. The recent impulse leg confirms a shift in momentum, with the pair currently executing a technical pullback to retest previous range boundaries as new support. We are observing this retest zone for signs of demand absorption, which, if successful, should provide the necessary volume to fuel the next leg upward toward liquidity targets sitting above the current structure.
Key Structural Levels:
🔴 Major Support / Invalidation Zone: 1.34000 – 1.34200 (Invalidation if price re-enters the range)
📈 Current Reaction Level: 1.34648
🔵 1st Bullish Objective: 1.35233 (1ST RESISTANCE)
🔵 2nd Bullish Objective: 1.35972 (2ND RESISTANCE)
Trading Perspective:
We are looking for bullish confirmation (wick rejections or bullish order flow shift) on the M15 timeframe within the current retest zone. A failure to hold above the support zone would suggest a fake-out, invalidating this bullish thesis. Focus on managing risk as we approach the first major liquidity objective.
This analysis is based on technical structure and market behavior, not financial advice.
Description:
GBPUSD is displaying strong bullish intent on the 2h timeframe after a decisive breakout from a prolonged consolidation range. The recent impulse leg confirms a shift in momentum, with the pair currently executing a technical pullback to retest previous range boundaries as new support. We are observing this retest zone for signs of demand absorption, which, if successful, should provide the necessary volume to fuel the next leg upward toward liquidity targets sitting above the current structure.
Key Structural Levels:
🔴 Major Support / Invalidation Zone: 1.34000 – 1.34200 (Invalidation if price re-enters the range)
📈 Current Reaction Level: 1.34648
🔵 1st Bullish Objective: 1.35233 (1ST RESISTANCE)
🔵 2nd Bullish Objective: 1.35972 (2ND RESISTANCE)
Trading Perspective:
We are looking for bullish confirmation (wick rejections or bullish order flow shift) on the M15 timeframe within the current retest zone. A failure to hold above the support zone would suggest a fake-out, invalidating this bullish thesis. Focus on managing risk as we approach the first major liquidity objective.
This analysis is based on technical structure and market behavior, not financial advice.
Looking for intraday signals on Forex and XAUUSD (GOLD)? Join now our brand new group.
telegram.me/GoldPremiumClub032
We're a group of experienced UK traders with over 11 years of experience.🇬🇧
telegram.me/GoldPremiumClub032
We're a group of experienced UK traders with over 11 years of experience.🇬🇧
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.
Looking for intraday signals on Forex and XAUUSD (GOLD)? Join now our brand new group.
telegram.me/GoldPremiumClub032
We're a group of experienced UK traders with over 11 years of experience.🇬🇧
telegram.me/GoldPremiumClub032
We're a group of experienced UK traders with over 11 years of experience.🇬🇧
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.