Market Structure
GBPUSD formed a strong swing high around mid-September before a sharp bearish impulse. The structure is currently bearish, with price consolidating near 1.3510.
Liquidity & Order Flow
- Buy-side liquidity remains above 1.3580–1.3620.
- Sell-side liquidity is resting below 1.3460 and 1.3400.
- Price may retrace into a premium zone before continuing lower.
Key Levels
- Entry (Sell): 1.3550 – 1.3580 (bearish order block)
- Stop Loss: 1.3625 (above swing high)
- Take Profit Targets:
- TP1 → 1.3460
- TP2 → 1.3400
Outlook
📉 Short-term bias: SELL
I expect a potential retracement into the 1.3550–1.3580 supply zone, followed by continuation lower targeting 1.3460 and 1.3400.