GBP/USD Bearish Reversal From Supply Zone Within Ascending ChannGBP/USDOANDA:GBPUSDDynamic_Trade_StrategiesThe GBP/USD 4H chart shows price trending higher within a well-defined ascending channel that has guided bullish structure since November. However, price is now reacting strongly from a major supply zone around 1.3500–1.3550, where multiple rejections have occurred, signaling seller dominance. Momentum is weakening as price fails to hold higher highs and begins to roll over inside the channel. The recent rejection suggests a potential bearish reversal or deeper corrective move. A breakdown from the channel support would confirm downside continuation. If bearish pressure sustains, the first downside target is 1.33640, followed by the second target at 1.32794, both aligned with prior support and liquidity zones. Overall bias shifts bearish unless price reclaims the supply zone decisively. If you found this XAUUSD analysis helpful, don’t forget to LIKE 👍 and COMMENT 💬!