GBPUSDis currently respecting a clear bearish market structure after breaking below the recent Higher-Low (HL) level. The Break of Structure (BOS) confirmed bearish control, pushing price into a new downside leg.
🔻 Market Structure
- Price has created a fresh lower low, confirming continuation of the downtrend.
- Previous bullish demand zone (highlighted in blue) failed to hold, signalling weakening buyers.
- Current reaction shows price trading near intraday lows, maintaining bearish sentiment.
🔴 Supply Zones Identified
Two important supply areas are visible:
- Major supply zone at the top (red), expected to act as strong resistance.
- Internal supply zone that caused the last impulsive drop.
If price retraces into these supply zones, sellers may re-enter the market.
🟢 Bullish Retracement Possibility
Price is currently showing a minor corrective bounce.
A pullback into the supply zones may offer sell opportunities aligning with the higher-timeframe trend.
🎯 Trade Prediction (Based on Chart Zones)
- Sell Zone: 1.3140 – 1.3180 (major supply)
- Target TP: 1.3030 – 1.2980
- Stop Loss: Above 1.3180 zone
📌 Why Bearish?
- Strong BOS on the downside
- Failure of demand
- Momentum clearly favors sellers
- Clean liquidity areas below price remain unmitigated
📉 Overall Outlook
GBPUSD remains bearish, and any pullback into the highlighted supply zones may give continuation setups toward the lower liquidity targets.
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