⬤ GBP/USD just delivered one of its cleanest bullish moves on the daily chart — price swept liquidity below the range, then shot higher with serious momentum. Right now it's consolidating near the top, but that doesn't mean it's done. This looks more like a breather than a trend change.
⬤ There's a clear breaker zone lining up with the 0.62 Fibonacci retracement, and it overlaps with both an optimal trade entry and a fair value gap. That's a pretty stacked confluence. The prior liquidity sweep below the range set the stage for this whole move, so the structure is solid.
⬤ The chart is mapping out a potential pullback right into that breaker/OTE/FVG zone — and from there, the projection points toward a continuation back up to the previous highs. Price hasn't broken below the reclaimed structure yet, so the bullish case is still technically intact.
⬤ Here's the thing — GBP/USD tends to move with broader dollar sentiment, so a clean reaction off this zone would reinforce the bullish setup across major FX pairs. If it fails to hold, short-term expectations could shift. But right now, the levels are clearly defined, and traders should be watching closely.
Nataly Kambur
Nataly Kambur