GBPUSD at Resistance — Bearish Move AheadGBP/USDOANDA:GBPUSDMrJasim_07GBPUSD Bearish Reversal Setup — Resistance Rejection & Downside Targets 📉 GBPUSD is currently testing a key resistance area around 1.3550–1.3560 after a strong bullish recovery. Price is forming a potential weak high near resistance, making this an important decision zone. A clear rejection followed by a bearish structure break could open the way toward the marked target zone around 1.3413. 📌 Key Points: • 1.3550–1.3560 is the main resistance/supply zone. • Price is testing a previous high and showing a potential weak-high formation. • A bearish rejection from resistance could favor sellers. • Watch for a break below nearby support around 1.3520–1.3500 for confirmation. • The main downside target is around 1.3413. • Strong bearish candles and increasing selling volume would strengthen the setup. 🔴 Bearish Scenario: If GBPUSD fails to break above 1.3550–1.3560 and produces a clear rejection, sellers could gain control. A break below 1.3520–1.3500 may accelerate the decline toward 1.3450, followed by the main target zone around 1.3413. Further weakness below 1.3413 could expose deeper support near 1.3350–1.3300. 🎯 Bearish Targets: • TP1: 1.3500 • TP2: 1.3450 • TP3: 1.3413 • Extended target: 1.3350–1.3300 🟢 Bullish Scenario: If buyers successfully break above 1.3560 and hold the price above the resistance zone, the bearish setup would weaken or become invalid. A clean breakout and retest could signal continuation of the bullish trend, with price potentially moving toward fresh highs. 🎯 Bullish Targets: • 1.3600 • 1.3650 • Higher levels if momentum remains strong 📊 Trading Perspective: The 1.3550–1.3560 area is the key decision zone. Rather than chasing a sell directly at resistance, traders can wait for confirmation through a rejection candle, lower-timeframe structure shift, or a break below nearby support. A breakout above resistance would require reassessing the bearish idea. ⚠️ Risk Management: Keep risk controlled and avoid oversized positions around major resistance because false breakouts are possible. For a bearish setup, invalidation can be considered above the confirmed resistance/weak-high area. Always wait for price-action confirmation before entering. Overall, GBPUSD remains at a critical resistance zone. A rejection from 1.3550–1.3560 could favor a bearish move toward 1.3413, while a strong breakout and hold above resistance could shift momentum back toward the buyers. 📉📈