GBP/USD Analysis: British Pound Under Pressure Against the DollaBritish Pound/US DollarFX:GBPUSDfullpriceactionThe GBP/USD pair shows a clearly bearish market structure on the hourly (1h) time frame. After failing to sustain highs above 1.3550, price broke a major support zone to begin a series of lower highs and lower lows. Currently, the rate is hovering around 1.3323, following a rejection of a horizontal resistance zone near 1.3360, which acts as a former support-turned-resistance. Short-term momentum is characterized by an ascending wedge pattern (corrective channel) that has just been broken to the downside, signaling a resurgence of selling pressure. The projected path suggests a continued decline toward the historical demand zone around 1.3150. As long as the price remains below the recently formed resistance at 1.3400, the bias remains strongly negative, targeting an imminent test of the major psychological support at 1.3153.