GBP/USD Price Outlook – Trade Setup (October 8, 2025)British Pound / U.S. DollarFOREXCOM:GBPUSDATFX_Global📊 Technical Structure GBP/USD is trading near 1.3400, struggling to break above the descending trendline from September highs. Price repeatedly tested the 1.3435–1.3461 resistance zone but failed to sustain gains, confirming bearish dominance. On the downside, critical support lies at 1.3304–1.3278, which aligns with a major demand zone. Unless bulls reclaim ground above the descending trendline, the bias remains tilted lower. 🎯 Trade Setup Entry: 1.3435 – 1.3461 (near resistance & trendline) Stop Loss: 1.3472 (above invalidation) Take Profit 1: 1.3304 Take Profit 2: 1.3278 Risk-to-Reward: ~1 : 4.3 🌍 Macro Background The Bank of England (BoE) has turned more cautious as sticky inflation persists, while the labor market shows signs of cooling. Markets now expect the BoE to hold rates rather than tighten further. In contrast, the Federal Reserve (Fed) has already begun cutting rates, but officials remain firm in stressing inflation risks. Markets are pricing in two more Fed rate cuts in October and December, which should weigh on the USD over the medium term. However, the ongoing US government shutdown has lifted safe-haven flows into the USD, capping GBP/USD recovery. Combining macro headwinds with the bearish technical picture, downside risk remains dominant. 🔑 Key Technical Levels Resistance Zone: 1.3435 – 1.3461 Support Zone: 1.3304 – 1.3278 📌 Trade Summary Bearish outlook remains intact. Selling opportunities are favoured near 1.3435 resistance, targeting 1.3304 and 1.3278. A break below 1.3278 could accelerate downside momentum. Conversely, a strong breakout above 1.3490 would invalidate the bearish view. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.