GBP/USD – Channel Breakdown Signals Bearish Continuation AheadBritish Pound/US DollarFX:GBPUSDtradesguiderGBP/USD has broken below the rising channel structure on the 4H timeframe, indicating a potential shift from bullish correction to bearish continuation. Price is now retesting the previous support zone around 1.3090–1.3120, which may act as resistance after the breakdown. If the market fails to reclaim this zone, bearish momentum is expected to continue, with potential downside targets at: 1.3040 1.3000 1.2960 (major support zone) A bearish rejection from the retest area would provide a cleaner entry for short positions. Only a strong breakout back above 1.3140 would invalidate this bearish setup. This chart outlines the expected retest-and-drop scenario for traders watching GBP/USD.