GBP/USD Turns from Resistance – Smart Money Watching 1.3350 Demand Zone
📌 Analysis:
The daily chart of GBP/USD shows price failing to break above the weak high near 1.3650, suggesting a possible liquidity sweep and rejection:
- After a series of Breaks of Structure (BOS) and Change of Character (CHoCH), the pair recently printed another CHoCH near resistance.
- The market rejected the 1.3650 Weak High, which coincided with prior supply.
- A pullback is now in play, with smart money likely targeting unfilled demand zones below, particularly:
- 1.3350 – 1.3250
- 1.3100 – 1.2950
- 1.2700 – 1.2600
📉 The price may look to collect liquidity in these demand zones before potentially continuing the broader uptrend.
✅ Fastpip Signal (Sell Setup):
- Sell Entry: 1.3500 – 1.3550
- Stop Loss: 1.3660
- Take Profit 1: 1.3350
- Take Profit 2: 1.3200
- Take Profit 3: 1.2950