GBPUSD: Sellers Maintain Momentum Within Downward ChannelGBP/USDOANDA:GBPUSDParadise_NoirGBPUSD on the H4 timeframe is still moving within a clear downward channel. After the previous sharp decline, the price had a technical rebound but has not yet been able to break out of the pressure zone above. The fact that the price remains below the Ichimoku cloud indicates that buyers do not yet have enough strength to reverse the structure. The 1.3405 area is currently the nearest resistance. If the price rebounds to this area but fails to close the H4 candle above, it is highly likely that this is only a retest before GBPUSD returns to a downtrend. With the upcoming US CPI release, if the USD continues to be supported by expectations of the Fed keeping interest rates high, GBPUSD may face downward pressure towards the 1.3316 area. Suggested strategy: SELL around 1.3385 – 1.3405 if there is a rejection candle. SL: above 1.3430 TP: 1.3350 – 1.3316