GBP/USD Bearish Trade Setup – October 9, 2025British Pound / U.S. DollarFOREXCOM:GBPUSDATFX_Global📊 Technical Structure GBPUSD GBP/USD is currently trading near 1.3405, struggling to hold above the psychological 1.3400 mark. The pair remains in a downtrend, capped by a descending trendline that has consistently rejected upward moves. Price action shows consolidation just below the 1.3424–1.3437 resistance zone, with repeated failures confirming bearish momentum. The broader structure suggests rallies are being sold into, with scope for a retest of lower support levels. 🎯 Trade Setup Entry: 1.3424 – 1.3437 (Resistance zone retest) Stop Loss: 1.3445 (Above trendline + resistance zone) Take Profit : 1.3337 (Key horizontal support) Risk/Reward: ~1 ；4.62 🗝️ Key Technical Levels Resistance Zone: 1.3424 – 1.3437 Trendline Resistance: Extending from recent highs, acting as a strong bearish cap Support Zone : 1.3337 🌍 Macro Background The US Dollar (USD) remains supported by safe-haven demand amid the prolonged US government shutdown, though uncertainty in economic data releases limits bullish momentum. The Fed minutes revealed a strong inclination toward further rate cuts, but some officials warned against moving too aggressively. This mixed stance has capped USD gains, yet risk aversion continues to underpin the Greenback. Meanwhile, Bank of England (BoE) Chief Economist Huw Pill stressed a “conservative” approach to monetary policy, signaling caution despite sticky inflation. This adds downside risk to GBP, as markets see fewer chances of near-term tightening. Overall, the combination of a firm USD and cautious BoE outlook tilts bias lower for GBP/USD. 📌 Trade Summary The GBP/USD pair remains under bearish pressure, with rallies into resistance zones likely to attract sellers. A retest of 1.3324 appears probable, with scope to extend lower if bearish momentum accelerates. As long as price remains capped below 1.3445, the bearish outlook holds. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.