GBP/USD 1.3242 | Fibo Confluence Setup in the DowntrendGBP/USDOANDA:GBPUSDhungminskfibotrungAnalysis – GBP/USD 1.3242 | Fibo Confluence Setup in Line with the Downtrend Context: The market is maintaining its primary bearish trend, and the price structure still has room to move toward lower levels. Technical Analysis: 1️⃣ The overall trend remains steadily bearish, with no clear signs of reversal. 2️⃣ When drawing the Fibonacci retracement in the direction of the trend, the 0.5–0.618 zone coincides with the key level around 1.3242, creating a strong confluence between two major swing points (high and low). 3️⃣ This is a potential reaction zone where price may resume its downward movement if the current bearish structure remains intact. Expected Scenario: Monitor price action around 1.3242. If price shows weak bullish reaction or continuation signals, the downtrend is likely to strengthen further.