GBPUSDThe market structure on GBPUSD shows a clear liquidity sweep above recent highs, followed by a market structure shift (MSS) to the downside, signaling a potential reversal. After the liquidity grab, price failed to sustain above the swept highs and started to form lower highs.
The RSI indicator also confirms a bearish divergence, strengthening the bearish bias. Currently, price is consolidating below the MSS level, which could act as a supply zone on any retest.
A strong bearish continuation is expected, targeting the SSL (Sell-side Liquidity) level marked below, which aligns with a potential demand zone from late June. The bearish projection suggests a move toward the 1.3350–1.3400 area.
This setup favors short opportunities on lower timeframe pullbacks, maintaining a bearish outlook as long as the price remains below the MSS.
