Current Trend: GBP/USD is maintaining a bullish structure on higher timeframes (daily & 4H). Break of Structure (BOS): If GBP/USD breaks above 1.3035, it could indicate bullish continuation. Change of Character (ChoCH): If price drops below 1.2950, a bearish shift may occur.
GU is overbought time to sell Institutional Price Action & Fair Value Gaps (FVGs) FVG to Fill (Imbalance): If price retraces to 1.2950, institutions may use it as a demand zone before moving up. Premium vs. Discount: 1.2920–1.2950 is a discount area for smart money to buy, while 1.3035–1.3050 is a premium area where profit-taking may happen.
Resistance Level: Immediate resistance is observed around 1.2760. A failure to breach this level may reinforce bearish sentiment.
Resistance Level: Immediate resistance is observed around 1.2760. A failure to breach this level may reinforce bearish sentiment.
I'm keep watching GBPUSD behavior go with me wanna make it through consistency and patience.
As we can see on 4hr timeframe this is forming uptrending market that give us opportunity to buy at lowerhighs. The was going higher in hours later but now have retracing back(pullback) on the previous support. So the formation of englufing candle approve bullish continuation