GBP/USD REJECTION FRON CHANNEL RESISTANCE TARGETS 1.3250 SUPPORTBritish Pound/US DollarFX:GBPUSDZickey_11📊 Key Technical Observations: Descending Channel: Price remains within a long-term bearish channel, respecting both upper resistance and lower support lines. Despite the recent rally, the overall structure still favors sellers. Range Formations: Two consolidation ranges are visible within the channel. Each range has previously acted as a distribution zone, leading to subsequent bearish continuation. Resistance Rejection: The price has tested the channel resistance near 1.3450 and is showing rejection signs, suggesting that buyers are losing momentum. Targets: The chart marks two bearish objectives: First Target: Around 1.3350 – 1.3360, aligning with a mid-channel level and minor support zone. Final Target: Around 1.3250, near the lower boundary of the channel, which also aligns with strong structural support.