GBPUSD Faces Strong Ceiling at 1.36 – Drop to 1.32 Ahead?British Pound/US DollarFX:GBPUSDMihai_IacobThe first half of this year was strongly bullish for GBPUSD, with the pair climbing from 1.20 to 1.37 — a rally of nearly 1,700 pips (14%). However, after topping in July, cable corrected around 600 pips, only to find solid support at 1.32 in August. From there, a rebound followed, pushing price back up to 1.36 by the end of the month. Looking at the chart, we can see a clear technical picture: while GBPUSD has rebounded from support, it has also formed a very strong ceiling at 1.36. This zone has now been reinforced by a bearish pin bar printed just two days ago. Going forward, as I already highlighted in my DXY analysis, I expect a rebound in the USD — and this will almost certainly translate into a drop in cable. From a purely technical standpoint: •1.36 = strong resistance, validated by the pin bar and multiple rejections. •1.34 is the first support and can act as a soft target. •In the medium term, I expect GBPUSD to revisit 1.32. The strategy is clear: sell the rallies into resistance, as the pair appears to be at the beginning of a corrective leg lower. 🚀