GBP/USD 27 Feb 2026 : Continues to face downside pressureGBP/USDOANDA:GBPUSDazmi12321🔎 Market Overview GBP/USD continues to face downside pressure as the UK economy weakens and markets increase expectations of a Bank of England rate cut in March, driven by inflation falling to 3.0%, its lowest since mid‑2025. BoE officials have hinted that incoming data may justify multiple cuts, adding to GBP weakness. Labor market data also shows rising unemployment (5.2%), further increasing dovish pressure. Meanwhile, the USD remains soft following the recent US political developments, but uncertainty is limiting strong upside for GBP. Overall bias remains bearish for GBPUSD. 🕳 Higher‑Timeframe Structure Higher‑timeframe trend is down. Price is currently making a corrective move into 4H supply, forming a classic lower‑high setup before continuation. Your chart shows: Rejection at resistance (R) Two subsequent rejections (S, S) A clear supply zone where sellers are active Bearish expectation toward the 1.3440 support This aligns with external analysis showing GBPUSD failing at resistance and leaning lower toward the 1.3440 – 1.3350 region. 🎯 Trading Plan (Short Setup) Bias: SELL Strategy: Trend continuation after corrective pullback Sell Zone (Entry Area): 🔻 1.3570 – 1.3600 (Retesting 4H supply + structure rejection) Stop Loss: ❌ Above 1.3630 (Break of structure = invalidation) Take Profit Targets: TP1: 1.3460 (nearest liquidity + support zone) TP2: 1.3380 (continuation target towards bearish objective) Macro and technical analysis support that a break below 1.3440 could accelerate toward the mid‑1.33 region. 📌 Why This Trade Works High‑timeframe trend remains bearish Price is rejecting a fresh supply zone Macro fundamentals strongly favor GBP weakness (rate‑cut expectations, falling inflation, rising unemployment) , USD uncertainty prevents a strong correction upward, keeping the downside more favorable Multiple rejections at your chart’s marked levels confirm selling pressure 🧠Risk Management Avoid chasing price—wait for a proper retest into the supply zone If 1.3630 is broken with a 4H close, invalidate the setup Expect volatility around BoE and Fed commentary 🔮 Summary GBPUSD is respecting higher‑timeframe bearish structure. The pair is pulling back into a clean 4H supply zone, providing a low‑risk sell opportunity in line with macro fundamentals and your technical projection. I remain bearish unless price reclaims 1.3630.