SELL GBP/USD - Wedge Breakout (04.05.2026)

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SELL GBP/USD - Wedge Breakout (04.05.2026)British Pound/US DollarFX:GBPUSDKABHI_TA_TRADINGGBP/USD is showing a potential wedge breakout pattern after price failed to hold inside the rising wedge structure. The pair rejected from the upper resistance zone and is now showing weakness near the broken trendline area. GBPUSD Support & Resistance Resistance Zone: The key resistance zone is around 1.36365 – 1.36573. This area acted as a major supply zone where price struggled to continue higher. 1st Support: The first downside target is around 1.35198. 2nd Support: If selling pressure continues, the next support level is around 1.34839. #GBPUSD #GBPUSDAnalysis #ForexTrading #ForexAnalysis #WedgeBreakout #SellSetup #PriceAction #TechnicalAnalysis #SupportAndResistance #TradingView #KABHITATrading Disclaimer ⚠️ This analysis is for educational purposes only and is not financial advice. Always use proper risk management, wait for confirmation, and trade according to your own trading plan. Support the idea with a like, comment, and follow.