GBPUSD CONTINUE IT'S FALLING ZONE :GBPUSD basic analysis hereBritish Pound/US DollarFX:GBPUSDExpert_TravisBased on the technical analysis shown in the chart, the GBP/USD currency pair is exhibiting a bearish continuation pattern known as a bear flag or downward-sloping channel following a significant drop. This typically suggests further downward movement is likely. ​📉 Key Observations ​Trend: The pair is in a strong downtrend following a previous high. ​Continuation Pattern: The price action is contained within a downward-sloping channel (the two white parallel lines) which is the "flag" component of a bear flag, suggesting a temporary pause or consolidation before the downtrend resumes. * Breakout Implication: The current price is near the bottom support of this channel. A breakout below the channel's lower boundary would confirm the continuation of the downtrend. ​Key Support Levels: The chart highlights potential downside targets: ​1.29025 ​1.28000 ​1.27097 (This appears to be the primary support target based on the channel's projected decline, possibly derived from the "pole" measurement of the bear flag). ​Key Resistance Level: The red line at 1.31811 marks a significant resistance level that price would need to decisively break above to invalidate the strong bearish view. ​🎯 Conclusion and Next Step ​The technical setup strongly favors further decline in GBP/USD towards the support levels indicated. The market sentiment appears bearish. Traders would typically look for a sell entry on a confirmed break and close below the channel, targeting the lower levels like 1.29025 and eventually 1.27097. ​Would you like me to look up any fundamental news or economic events that could be impacting the GBP/USD pair around this time?