GBPUSD : New-Week Technical Bias (Market Open)
Multi-Timeframe Structural Outlook:
Higher Timeframes (M,W,D): In Ascend Sequence sweeping major liquidity levels
4H Structural & Liquidity Picture:
Trend Signature Shift (TSS):
A clean TSS followed the Sweep Event, shifting internal structure bearish and signaling short-term vulnerability.
Trap Vectors & Liquidity Mechanics:
Price engineered multiple Trap Vectors (TV), both pre- and post-rejection. Further anticipated TV zones exist just above and below current price level at 1.37138 and 1.35630 respectively aligning with Fibonacci retracement confluence.
Key Support Zone:
Price Base between 1.35796 – 1.36200 remains pivotal. Sustained hold here suggests possible short-term recovery; decisive break below exposes deeper liquidity pools toward the lower fib levels and potentially the Range Low (RL) at 1.33704.
Decision Zones:
Upside Consideration:
Recovery above 1.36200 with structural confirmation may reclaim bullish intent, though a retest/ break of the RH at 1.37888 remains the higher timeframe liquidity magnet.
Downside Consideration:
Breakdown below the Price Base accelerates sell-side targets toward the anticipated TV zones and deeper fib levels, with full invalidation exposing the RL.
Summary:
Bearish short-term lean favored following the TSS, but Price Base support remains a critical decision point. Break below confirms deeper sell-side exploration; sustained defense reopens bullish continuation/corrective potential.
