GBP/USD Buy from 2hr demand zone?

This week, my analysis for GU focuses on a potential buy opportunity from the 2H demand zone. Although this zone is still quite a distance from current price action, I’m patiently waiting to see which side of liquidity gets taken first — that will help highlight a more immediate area of interest.

Given the recent bearish movement, I’m anticipating a possible break of structure to the downside, targeting the underlying Asia lows. This move could create a new supply zone, which may present a more valid setup in the short term.

However, if price maintains its current trajectory, I’m also eyeing the 13H supply zone, which would offer a strong POI for future sell opportunities after a bullish correction.

Confluences for GU Buys:

- Price is approaching a 2H demand zone.

- Market has been bearish, suggesting a correction may be due.

- DXY analysis aligns with a potential GU recovery.

- Liquidity buildup points toward a possible retracement to the 13H supply zone.

P.S. If the week starts with a bullish move, that could offer a better setup for shorts later on as price approaches the higher supply zone. Stay alert and flexible with your setups — wishing everyone a strong and disciplined trading week!