GBPUSD — 4H Bearish Retest at Fib Resistance & Trendline CapGBP/USDOANDA:GBPUSDCandle_Man_MontDescription: GBPUSD is showing signs of exhaustion as it retests the descending trendline resistance in confluence with the 0.618 Fibonacci retracement level near 1.3240–1.3250. Price has been respecting this bearish structure for several weeks, with each rally fading into lower highs. Technical Breakdown: Trend Bias: Downtrend (lower highs and lower lows intact) Resistance Zone: 1.3230–1.3250 (Fib 0.618 + trendline confluence) Support Levels: 1.3100 — short-term structural support 1.3010 — key target area / recent low Invalidation: Break and 4H close above 1.3260 Market Insight: The pair continues to struggle against USD strength and bearish market sentiment. A rejection from this confluence area would signal continuation toward 1.3100, and potentially retest the 1.3010 lows. Trade Plan: Look for bearish confirmation near 1.3240–1.3250 zone Target range: 1.3100 → 1.3010 Stop loss consideration: Above 1.3270 Bias: 🔻 Bearish continuation expected while price holds below 1.3260 — sellers remain in control within the descending channel.