GBPUSD Analysis

On the 4-hour chart of the GBP/USD pair, it can be seen that the price has emerged from a deep macro-scale correction phase and has undergone an upward Market Structure Change (MSB/CHoCH). After bottoming out at the 1.31500 level, the price gained upward momentum with aggressive displacement (high-volume candles) after clearing the sell-side liquidity (SSL) pool in this region. This is the clearest indication of institutional players accumulating positions.

Examining the market structure, the character change (CHoCH) was confirmed with the break above the 1.34000 resistance, and the trend evolved from bearish to bullish. The current price action is consolidating around the 1.35500 level. This upward wave has left behind a significant Fair Value Gap (FVG) and an area of ​​imbalance. According to SMC principles, a retracement of the price to fill these 'inefficiency' areas is expected in the Bullish Order Block (BDB) region between 1.33800 and 1.34200. This retracement can be considered an opportunity to enter the 'discount' zone.

At the upper levels, the supply zone around 1.36500 is the first significant resistance point. However, the main target is the buy-side liquidity (BSL) pool accumulated at the old peak of 1.38500. If the price manages to hold the 1.35000 support, the market's goal will be to sweep up this liquidity pool. Based on candlestick patterns, the large bodies and small wicks of the recent bullish candles confirm strong buyer appetite (order flow). It is strategically critical for investors to monitor tests, especially in the 1.34000 region, and confirmations in this area using lower timeframes. (Not Financial Advice)