GBPUSD 1H Downtrend Channel at Key Demand — Breakout or BreakdGBP/USDOANDA:GBPUSDTheChartCorePrice is currently trading near a key demand zone after moving lower inside the descending channel. Bullish scenario: A confirmed breakout and hold above the downtrend channel could signal a recovery toward 1.3600 → 1.3650 → 1.3700 strong supply. Bearish scenario: If demand fails and price remains below the channel, the next areas of interest are 1.3470–1.3480, followed by 1.3420 major support.