GBPUSD: Bearish Rejection at Major Resistance Zone | Target 1.34Great British Pound vs. US DollarFX:GBPUSDGold_paid_SignalsGBPUSD Technical Analysis (1H Timeframe) Looking at the 1-hour chart, GBPUSD recently made a strong push towards the major resistance zone near 1.35050 and faced a clear rejection. Key Highlights: • Resistance Zone: Price tapped into the strong supply zone near 1.35050 and failed to break above. • Bearish Sentiment: The sharp rejection candle indicates strong selling pressure coming into the market. • Technical Setup: Short position initiated around 1.34800 level. Trade Setup: • Entry Zone: ~1.34800 • Stop Loss (SL): 1.35050 (Above the recent liquidity sweep/high) • Take Profit (TP): 1.34366 (Major support zone) Expectation: As long as the price stays below the resistance line at 1.35050, we expect a lower-high lower-low structure down towards the primary support level around 1.34360. Disclaimer: This analysis is for educational purposes only and is not financial advice. Always manage your risk properly.