- May 8, 2026
- Posted by: EWGFX
- Category: Technical analysis
By analyzing the 4H chart of GBPUSD we can see that it has been on a bullish run for a long time now, but it is yet to sweep the liquidity pools above it, first one being at 1.3657 level. GBPUSD surged after today’s open, going from 1.3547 all the way to 1.3622, going through the NWOGs and NDOGs on its way, and currently is being traded at 1.3616.
At the moment, I expect Cable to sweep the minor buyside liquidities above the 1.3631 and 1.3641 first and then go for the Buyside liquidities above the 1.3657, 1.3671 and 1.3712 levels respectively.
As long as GBPUSD keeps itself above the 1.3587 level, bullish structure remains intact and it can go to test and retest the liquidities above.
If GBPUSD goes below the 1.3587 level and stabilize there, it becomes bearish and it’ll go lower to the first support at 1.3575, losing this support opens the door for further drop towards the 1.3555 level.