FX.co ★ GBP/USD

*GBPUSD 30M: Range Play - Buy Demand 1.3400 vs Sell Supply 1.3490* *Current Price: 1.34322* *According to my analysis* GBPUSD 30M is *range bound between supply and demand* after an MSS + CHoCH flipped short term structure bearish. Current price *1.34322* is sitting in the middle, right above the *MINOR DEMAND 1.34000 - 1.34100*. The chart is clean SMC: we swept *BSL* above 1.35400, then dropped. Now we wait for reaction at the edges. The plan is simple: buy the green zone, sell the red zone. Don’t trade the middle. *Structure Breakdown* 1. *SMC Structure*: Price made *MSS + CHoCH* after taking BSL. Now in distribution between 1.34000 and 1.35000. 2. *Supply Zones Above*: *Minor Supply / Sell Zone 1.34900 - 1.35000*: First resistance. Chart marks this for shorts. *Major Supply 1.35450 - 1.35600*: Where BSL was taken. Deep discount to sell. 3. *Demand Zones Below*: *Minor Demand / Buy Zone 1.34000 - 1.34100*: Current area. Look for bullish reaction. *Major Demand 1.33600 - 1.33800*: Big support if we lose minor demand. 4. *FVG 1.34600 - 1.34700*: Fair Value Gap left on the drop. Magnet if we push up before selling. 5. *Key Levels*: Buy 1.34000 - 1.34100. Sell 1.34900 - 1.35000. Break of either flips short term bias. *Risk Management and Trading Discipline* Range trading needs tight risk. 1. *Risk 1% max per trade*. 30M spreads widen during London/NY overlap. 2. *Buy Plan*: Entry 1.34000 - 1.34100 on bullish reaction | SL 1.33850 below Major Demand | TP1 1.34500 | TP2 1.34900. *RR: ∼1:2.2* 3. *Sell Plan*: Entry 1.34900 - 1.35000 on rejection + bearish structure | SL 1.35100 | TP1 1.34500 | TP2 1.34100. 4. *Discipline Rules*: Avoid middle of range at 1.34300. Wait for sweep + confirmation. 1.2+ RR minimum. Follow Smart Money, not FOMO. *SMC Key From Chart* *BOS* = Break of Structure *MSS* = Market Structure Shift *CHoCH* = Change of Character *BSL/SSL* = Buy/Sell-Side Liquidity *FVG* = Fair Value Gap *OB* = Order Block

*Potential Scenarios* *Bullish Scenario*: Hold 1.34000 - 1.34100, push to 1.34500 → 1.34900 Sell Zone. *Bearish Scenario*: Reject 1.34900 - 1.35000, drop back to 1.34100 → 1.33800 Major Demand. *Conclusion and Outlook* 30M bias is *neutral/range* while between 1.34000 and 1.35000. Most likely: bounce from 1.34000 buy zone, or rejection at 1.34900 sell zone. Trade the zones, not the noise. Let price come to you.