In this GBPUSD market overview, we break down recent price action following yesterday’s strong bullish rally from the momentum low. The session was highly emotional across major forex pairs, which is typical when a major wave structure reaches its end. This often results from incomplete auctions on one side of the market, causing order flow imbalances that drive sharp price movements.
The key price level we're watching on GBPUSD is 1.36326. Price approached this zone with momentum, and the rejection at 1.36267 triggered a classic TCP (Trend Changing Pattern), followed by a single upside break, confirming exhaustion at the highs.
📉 Sell Setup:
According to the Waves of Success execution model, the best short entry is below 1.36106, in alignment with the prevailing bearish structure.
⚠️ Alternative Scenario:
We are not looking for long setups on GBPUSD at this time — our bias remains bearish unless significant structure changes occur.
This analysis combines wave structure, trend confirmation patterns, and institutional price levels for a professional, risk-managed approach.
🔑 Key Levels:
Resistance: 1.36326
Rejection High: 1.36267
Sell Trigger: 1.36106
The key price level we're watching on GBPUSD is 1.36326. Price approached this zone with momentum, and the rejection at 1.36267 triggered a classic TCP (Trend Changing Pattern), followed by a single upside break, confirming exhaustion at the highs.
📉 Sell Setup:
According to the Waves of Success execution model, the best short entry is below 1.36106, in alignment with the prevailing bearish structure.
⚠️ Alternative Scenario:
We are not looking for long setups on GBPUSD at this time — our bias remains bearish unless significant structure changes occur.
This analysis combines wave structure, trend confirmation patterns, and institutional price levels for a professional, risk-managed approach.
🔑 Key Levels:
Resistance: 1.36326
Rejection High: 1.36267
Sell Trigger: 1.36106
Trade active
Let's rock and roll! This played out as described in the video: 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.