GBPUSD Bearish Continuation Scenario

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GBPUSD Bearish Continuation ScenarioBritish Pound/US DollarFX:GBPUSDMr_Liquidity1Quick Summary GBPUSD is expected to move lower in alignment with EURUSD, The pair is targeting 1.34021 A strong rejection wick formed from the orderblock which increases the probability of another bearish push to break that wick Full Analysis In alignment with the bearish outlook on EURUSD, GBPUSD is also expected to continue moving lower Recent price action shows a clear rejection from an orderblock where a large wick was formed immediately after price touched that zone This strong wick indicates that sell side pressure is still present and that the market may attempt another push lower to break that rejection area, Because of this behavior GBPUSD is expected to decline again and target the 1.34021 level The main objective for the downside move is to break below the existing wick which represents remaining liquidity Once that area is cleared the next phase of price action will be evaluated to determine whether the pair continues lower or starts forming a new structure