British Pound / U.S. Dollar
Short
Updated

GBP/USD – Breakdown After Liquidity Grab & Range Distribution

97
The British Pound has decisively broken below its trading range following a textbook liquidity grab and Fair Value Gap (FVG) rejection — signaling strong bearish momentum.

Key Observations:
Liquidity Zone: Price swept highs near ~1.3820 before reversing — classic trap.
Multiple Consolidation Phases:
First consolidation formed a distribution top.
Second range acted as a base for a breakdown
Fair Value Gap (FVG): Small imbalance at the breakdown point added confluence to the bearish move.
Sharp Selloff: Strong bearish impulse now aiming toward support zone near 1.3400.

Next Steps:
Bearish Bias remains while price stays below the FVG zone (~1.3580).
Short Opportunities: Look for pullbacks into the range or imbalances for entries.
Support Area to Watch: 1.3400 zone — potential reaction expected there.

Summary:
GBP/USD has completed a clean distribution phase with a sharp breakdown, driven by liquidity manipulation and imbalance rejection. Expect further weakness unless buyers defend key support.

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