GBP/USD Faces Resistance at 1.3700 – Bears in Control for NowBRITISH POUND / U.S. DOLLARFX_IDC:GBPUSDfwalbaumGBP/USD is showing early signs of weakness as it struggles to break through technical resistance at 1.3700 on the weekly chart. Last week’s pinbar candlestick signals a potential reversal, suggesting that sellers are defending this level aggressively. Unless the pair manages a decisive close above 1.3700, the bullish trend remains unconfirmed. On the downside, a breach of 1.3400 could open the door for further declines. This level acted as a key support during previous consolidation phases and now represents the next area where buyers may step in. A sustained move below 1.3400 would reinforce the bearish bias, potentially extending the correction toward lower support zones. Dollar strength continues to weigh on the Pound, supported by solid U.S. economic data and stable Fed policy expectations. Renewed risk-on sentiment in equities could provide temporary support to GBP/USD, but caution is warranted given the technical setup. Additional factors, including political uncertainty in the UK and soft domestic economic indicators, continue to limit upside potential. Traders should monitor weekly and monthly closes, as a confirmed break above 1.37 could shift the outlook, while failure to hold near current levels favors further downside.