GBPUSD Rebound Seen as Selling Opportunity Near Resistance

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GBPUSD Rebound Seen as Selling Opportunity Near ResistanceGBP/USDOANDA:GBPUSDDomicChainaHello everyone, The latest rebound pushed price up toward the 1.3300–1.3330 area, but strong selling pressure quickly emerged, driving price lower again. This suggests that the zone is acting as a clear dynamic resistance, where sellers remain in control of the market. Currently, price is trading around 1.3190–1.3200, close to the recent short-term lows. From a macro perspective, the US dollar has shown some signs of mild weakness recently, but not enough to establish a clear reversal trend. The market is still closely watching US economic data, particularly Nonfarm Payrolls and statements from the Federal Reserve, as these will shape interest rate expectations going forward. Meanwhile, the UK continues to face slow growth and unstable inflation, making it difficult for the British pound to sustain a strong upward move.