GBPUSD SWING SELLBritish Pound/US DollarFX:GBPUSDECOINFXMarket Structure GBP/USD turned bearish after failing to sustain momentum above 1.37, breaking structure to the downside. The pair is now consolidating within the 1.34–1.35 zone, aligning with the 50–61.8 percent Fibonacci retracement of the recent leg. Key Levels Resistance / Supply 1.3545–1.3595: Fibonacci cluster with prior supply 1.3720s: Strong rejection area from previous highs Support / Demand 1.3337: Immediate short-term support 1.3000: Psychological level and monthly support 1.2500: Major demand zone with long-term confluence Bias and Scenarios The outlook remains bearish as long as price trades below 1.36. A retracement into the 1.3540–1.36 zone is possible before downside resumes. Projected Targets Short-term: 1.3330 Medium-term: 1.3000 Long-term: 1.2500 Risk Factors A sustained move above 1.36 would invalidate the bearish setup and open the door to a bullish continuation. Dollar Index (DXY) performance will heavily influence GBP/USD direction in the coming sessions. 👉 In summary, the pair favours a sell-the-rally approach unless 1.36 is broken and defended by buyers.