GBPUSD:The 1.3460 level remains a key defensive zone for sellersGBP/USDOANDA:GBPUSDJolie_joliGBPUSD has staged a strong recovery but is now retesting the downtrend line near 1.3460. This area has repeatedly halted upward moves; meanwhile, unfilled Fair Value Gaps (FVGs) below suggest there is still room for a correction. The fundamental backdrop also remains unfavorable for the Pound, as the BoE maintains a cautious stance, while the USD continues to be supported by US yields and a Fed stance that is not yet sufficiently dovish. If the price fails to close decisively above 1.3460, selling pressure could return and drag GBPUSD down to the 1.3290 demand zone. Current outlook: Favor selling upon signs of rejection near 1.3460, targeting 1.3290.