GBP/USD Descending Channel Breakout WatchBritish Pound vs US DollarFPMARKETS:GBPUSDTrade_Action🔎 Market Structure Overview Price has been respecting a descending channel with multiple rejections from the trendline. Several confirmed lower highs show sustained bearish pressure. Recently, price swept liquidity from the lower support zone around 1.3330–1.3350 and reacted strongly. Now price is pushing back toward the channel resistance for a potential breakout. 📈 Bullish Scenario (Primary Setup) If price breaks and closes above the descending trendline: Structure shift from lower highs → higher highs. Momentum continuation toward: 🎯 1st Target: 1.3480 🎯 Final Target: 1.3550 This would confirm a short-term bullish reversal from the range lows. 📉 Bearish Scenario (Rejection Play) If price rejects the trendline again: Continuation inside the channel. Retest of 1.3350 support zone. A break below 1.3330 opens room for further downside expansion. 🧠 Key Levels Trendline Resistance: ~1.3410–1.3430 Intraday Support: 1.3380 Major Support Zone: 1.3330–1.3350 Upside Targets: 1.3480 → 1.3550