GBPUSD – Rejection Setup at Major Resistance, 1.3400 in FocusGBP/USDOANDA:GBPUSDSamiraa_🔍 Market Overview GBPUSD has recovered strongly from the recent lows and is now pressing into a resistance zone that previously triggered a sharp sell-off. Price is approaching the same area where buyers lost control in mid-July, making the current reaction especially important. The recovery remains intact for now, but this is also the first area where I would expect sellers to become more active again. 📉 Market Structure Insight Market Bias: Bearish from resistance Momentum: Bullish recovery approaching exhaustion Current Phase: Retest of previous supply Price has returned to the upper part of the recent range, but it has not yet broken the resistance structure above. If bullish momentum begins to fade here, the current rally could turn into another rejection rather than a clean continuation higher. 🚀 Primary Bearish Scenario I would be watching for: Repeated failure to hold above resistance. Long upper wicks or bearish reversal candles. A clear loss of momentum after testing the zone. If sellers successfully defend this area, I expect GBPUSD to rotate lower toward 1.3400. 🎯 Target: 1.3400 ❌ Invalidation The bearish idea would lose strength if price breaks decisively above the resistance zone and holds there. That would suggest buyers have absorbed the available supply and could extend the recovery further. 📍 Key Levels to Monitor 🔴 Major Resistance: Around the highlighted upper zone 🎯 Downside Target: 1.3400 ⚠️ Invalidation: Sustained breakout above resistance ⚠️ Trading Perspective This is not a setup where I want to sell simply because price has reached resistance. The better opportunity comes if the market first proves that buyers are struggling to push through. Location gives the opportunity, rejection gives the confirmation. 🧠 Professional Insight What makes this setup attractive is the return to a resistance area that has already produced a meaningful bearish reaction before. If the same zone is defended again, the probability of a pullback toward 1.3400 becomes much more compelling. 🛡️ Risk Management Wait for bearish confirmation before entering. Avoid shorting into a strong bullish candle. Keep invalidation above the confirmed resistance structure. Maintain appropriate position sizing and protect capital. No rejection, no trade. This analysis is for educational purposes only and should not be considered financial advice.