The GBPUSD market upward trend remains strong, characterized by a consistent series of well-aligned bullish break of structures (BOS). The price is steadily advancing toward key swing highs on the daily timeframe, which serve as prominent liquidity zones. These areas indicate potential targets for future price movements.
Since the beginning of the year, bullish order blocks at swing lows have continuously supported the formation of higher highs in the market structure, providing strong backing for the upward trend. The overall market structure clearly indicates a sustained bullish trajectory.
The recent pullback to the order block at 1.26660 filled a region of market inefficiency, marked by a fair value gap, reinforcing the bullish bias. The Hull Butterfly indicator further confirms this upward movement, with the green hue appearing in the positive region after a brief pullback. Additionally, the Moving Average string within the upper and lower Bollinger Bands is observed to support the ongoing ascent.
GBPUSD Short-Term Trend: Bullish
In the short term, the swing high at 1.30440 is a strong target for forex signals, given the absence of significant fair value gaps on the sell side. These swing highs and relatively equal highs are attracting the price, driven by substantial liquidity present at these levels. This liquidity, created by large pools of orders concentrated at these zones, acts as a magnet for continued upward movement in the GBPUSD market.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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