GBP/USD 1.3159 Analysis — Fibo Confluence SetupGBP/USDOANDA:GBPUSDhungminskfibotrungGBP/USD Analysis — Fibo Confluence Setup in Line with the Downtrend Context: The market is maintaining its main bearish trend, with price structure still having room to extend 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 aligns with the key level around 1.3159, creating a strong confluence between two major swing points (high and low). 3️⃣ This is an area where price may react downward again if the current bearish structure continues. Expected Scenario: Observe price behavior around 1.3159. If price shows weak reaction here and signals continuation, the downtrend is likely to strengthen further. The area above the confluence zone can be viewed as a risk management zone for this setup. Analysis by: Hung Minsk Fibo Trung