GBP/USD Bearish Channel – Potential Reversal from Demand ZoneBritish Pound vs US DollarFPMARKETS:GBPUSDGOLD-EMPIRE-PROThis 1-hour **GBP/USD** chart shows a clear bearish trend developing after a **Change of Character (Choch)** followed by a **Break of Structure (BoS)**, confirming downside momentum. Price is moving within a well-defined **descending channel**, consistently forming lower highs and lower lows. Recently, price has reached a strong **demand zone** near the bottom of the channel, where a reaction is likely. ### **Target:** A potential **bullish retracement** is expected from the demand zone, with price aiming toward the **1.3320 area (target zone)**, which aligns with previous structure and minor resistance inside the channel. ### **Bias:** * **Short-term:** Bullish retracement * **Overall trend:** Bearish * **Invalidation:** A strong break below the demand zone This setup suggests a possible **bounce from demand for a short-term buy**, within a broader bearish market structure.