GBP/USD Technical Analysis: Bullish setup targeting 1.3609

Ian Coleman FXStreet

The British Pound is setting up a bullish Cypher pattern against the US Dollar, with institutional traders eyeing the Demand Zone at 127.2% and 161.8% Fibonacci extensions for long entries.

FXStreet Senior Analyst Ian Coleman breaks down why the IMF's UK inflation forecast and Fed easing cycle support this setup, identifies optimal liquidity zones near previous swing lows, and reveals the exact invalidation level for this Butterfly pattern.

Author

Ian Coleman

FXStreet

Ian started his financial career at the age of 18 working as a Junior Swiss Broker at Godsell Astley and Pearce (London). He quickly moved through the ranks and was Desk Manager at RP Martins at the age of 29.

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