- June 10, 2026
- Posted by: EWGFX
- Category: Technical analysis
GBPUSD is currently trading inside a key intraday structure after completing a rounded accumulation pattern from the lows. Price has respected the rising trendline and reacted from the demand zone, showing that buyers are still defending the market. However, the bullish continuation is not confirmed yet. The highlighted area remains the most important zone to watch, and I would prefer to see a clear lower-timeframe bullish pattern before considering further upside potential.
If price revisits the marked demand area and forms a strong bullish confirmation such as an engulfing candle, higher low, or market structure shift, it could provide an opportunity for buyers to target the upper supply zone. A liquidity sweep below the demand zone followed by a strong rejection would add even more confidence to the bullish scenario.
On the other hand, if price breaks below the highlighted support level and fails to reclaim it, the current bullish setup becomes invalid. In that case, I expect the market to seek lower liquidity and potentially target the next major supply imbalance. A decisive break of this level could lead to an expansion move, effectively creating a move toward double the supply zone, where sellers may step back into the market with greater strength.