GBP/USD 4H – Channel Break & Key Retest SetupGBP/USDIG:GBPUSD.10.CFDCompareForexUKGBP/USD has broken out of a well-defined descending channel, signalling a potential shift in short-term structure. Price is now retesting a key resistance zone around 1.3440, which will likely act as the next decision point. What I’m watching: Scenario 1 (preferred) •Rejection from current resistance •Pullback into the 1.3260 demand zone •I’ll be looking for strong bullish confirmation here before entering longs Scenario 2 •Price holds above the current zone •Resistance flips into support •Continuation higher without a deeper pullback Plan No trade at current levels. I’m waiting for either: •A clean rejection and move lower into demand •Or confirmation that this level is holding as support