GBPUSD – Struggling at Resistance

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GBPUSD – Struggling at ResistanceBritish Pound/US DollarFX:GBPUSDAlex_ZenithHello traders! What’s your outlook on GBPUSD right now? On Tuesday, GBP/USD faced renewed selling pressure, halting its four-day winning streak. The pair is currently consolidating just below the 1.3200 level, and traders may need a fresh catalyst to push the Pound back toward its recent highs. From a technical perspective, the uptrend line has been broken, confirming a weakening in buying momentum. The EMA 34 and EMA 89 are starting to converge, signaling a potential short-term reversal. Each pullback toward the current resistance zone could offer selling opportunities, with a possible downside target near 1.3050 in the coming sessions. What do you think — will GBPUSD continue to slide, or will buyers regain control? 💬 Share your thoughts in the comments below!