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GBPUSDDailyBullish

GBPUSD daily (SMC): buy in the 1.3345–1.3375 discount zone

FXFibo editorial · · 1 min read
Summary

The daily structure is bullish after a BOS at 1.3419. The recent pullback to 1.3343 tapped the daily bullish FVG and reacted from it.

BiasBullishEntry zone1.3370Stop loss1.3295Target 11.3503Target 21.3568StatusActive
Invalidation: Daily close below 1.3303
GBPUSD daily (SMC): buy in the 1.3345–1.3375 discount zone

Main scenario

  • Structure: bullish CHoCH at 1.3286 and bullish BOS at 1.3419
  • Buy zone: bullish FVG at 1.3339–1.3374 and the order block at 1.3303–1.3349
  • Targets: 1.3503 (buy-side liquidity) and 1.3568

Alternative scenario

A close below 1.3303 breaks the bullish structure and opens 1.3273 and 1.3137.

Key levels

  • Resistance: 1.3446, 1.3503, 1.3568
  • Support: 1.3374, 1.3343, 1.3303

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.