GBP/USD Buys from 1.34800

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This week’s analysis focuses on capitalising on the strong bullish structure forming on GU. After a clear break of structure to the upside, price has been forming consistent higher highs and higher lows.

From this move, a key Point of Interest has been left around the 1.34800 level, which aligns with a clean 9H demand zone. As price now needs to retrace after the recent bullish push, this 9H zone becomes a likely area for accumulation and a potential continuation rally.

Confluences for GU Buys:

- GU has been very bullish overall on the higher timeframes

- The 9H demand zone caused the latest break of structure to the upside

- There’s plenty of liquidity and imbalance above that needs to be taken

- The DXY is moving bearish, supporting GU upside

P.S. If price pushes higher before retracing, it may enter a premium supply zone, where I’ll be watching for any significant reaction. Either way, patience is key — don’t hesitate to wait for your setup to fully form.

Wishing you a focused and profitable trading week!

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