GBPUSD Loses 1.3400 as Sellers Regain Control on H4GBP/USDOANDA:GBPUSDDomicChainaHello everyone, GBPUSD is currently trading around 1.3350 after a sharp decline from the 1.3460 area. What stands out is that price has completely lost the 1.3400 support zone and is now trading below both the EMA34 and EMA89 on the H4 timeframe. This suggests that short-term momentum has shifted back in favor of the sellers. The primary driver behind this move is the recovery of the US Dollar following a stronger-than-expected US jobs report. Markets are now scaling back expectations for an early Federal Reserve rate cut, which has strengthened the greenback and increased pressure on counterpart currencies such as the British Pound. Meanwhile, the UK economy has yet to provide enough positive signals to support Sterling. Investors are waiting for additional growth and inflation data before determining whether the Bank of England will maintain its hawkish stance. Looking at the H4 chart, the 1.3340–1.3300 zone is the nearest support area. This region has previously attracted buying interest during earlier declines. If buyers can defend the 1.3340–1.3300 area, GBPUSD may stage a recovery toward 1.3400, with a further move to 1.3450 possible to retest selling pressure. However, if 1.3300 is broken, the bearish structure would be reinforced, opening the door for a decline toward 1.3250 and potentially 1.3200. At the moment, what interests me is not the minor rebound currently taking place, but whether GBPUSD can reclaim the 1.3400 level. As long as price remains below this zone, the advantage continues to favor sellers on the H4 timeframe.