GBP/USD – Range-Bound Structure Signals Potential RejectionBritish Pound/US DollarFX:GBPUSDHenrybillionGBP/USD – Range-Bound Structure Signals Potential Rejection and Downside Continuation (H1 Analysis) GBP/USD continues to trade within a well-defined horizontal range, with price repeatedly failing to break above the upper boundary near 1.3200–1.3220. The most recent bullish recovery appears corrective, lacking strong momentum, and is forming a potential lower-high setup inside the range. This behavior suggests the market may be preparing for another rejection at the range high, followed by a possible continuation toward the lower boundary. Key Technical Levels Range Resistance 1.3200 – 1.3220: Major ceiling where price has rejected multiple times. Mid-Range Level 1.3150 – 1.3160: Current equilibrium zone; price is retesting this level after bouncing from the mid-range dip. Range Support 1.3080 – 1.3090: Lower demand zone and the primary bearish target if rejection plays out. Technical Insights EMA9: Price is trading around EMA9, showing weak directional conviction — typical inside a range. Price Structure: The recent V-shaped bounce forms a potential low, but the projected path suggests a textbook lower-high before a deeper drop. Market Behavior: Buyers show hesitancy near the upper boundary, indicating the range is still intact and sellers may be waiting above. Trading Strategy 1. Sell the Upper Boundary Rejection (Primary Plan) Entry: 1.3190 – 1.3220 Stop-loss: 1.3245 Target: 1.3080 – 1.3090 2. Range Trading Approach Buy the bottom: 1.3080–1.3090 → target back to 1.3155 Sell the top: 1.3200–1.3220 → target back to mid-range first, then range low 3. Breakout Scenario (Low Probability for Now) Bullish: Only consider buys if H1 candle closes above 1.3220 Bearish: If price closes below 1.3080 → next target opens toward 1.3020 Market Outlook The pair remains trapped inside its multi-day range. Unless price breaks out decisively, the most reliable strategy is to trade the boundaries. Current signals favor a move toward the 1.3080 support after a potential rejection from 1.3200. If you find this analysis helpful, feel free to follow for more daily GBP/USD insights and setups.