GBPUSD: When the Dollar Take Control of the StructureGBP/USDOANDA:GBPUSDpullbacksignalWhen trading GBPUSD GBPUSD, it is easy to focus on UK economic data, but right now, the US Dollar Index ( DXY DXY) is clearly steering the ship. The US Dollar carries significantly more weight in this equation at the moment, and as DXY shows signs of stabilization and strength, Cable is feeling the downside pressure. Look at the Daily chart. Price made an attempt at the Major Daily Resistance zone but suffered a sharp rejection. The macro structure suggests that the path of least resistance for the medium term is a correction down toward the Daily Major Support zone around 1.3250 - 1.3190. The Execution Plan (4H Timeframe): Following the recent sharp drop on the 4H chart, price has left behind a supply area. Entering after a strong red candle is rarely a wise decision; we do not sell the bottom of an aggressive impulse. Instead, we wait for the market to breathe. We are monitoring a pullback into the newly formed Resistance Zone (1.3560 - 1.3580). Bearish Scenario: If price retraces into the resistance zone and shows bearish price action confirmation (rejection wicks or momentum slowdown), we look for a continuation toward our targets: Short-Term Target: 1.3436 Mid-Term Target: 1.3251 Invalidation: A setup without invalidation is a gamble. If price breaks above 1.3614, the immediate bearish bias is completely invalidated. We do not argue with the chart—if the level breaks, the trade idea dies. We wait for the retest and let price give us the confirmation. Risk Warning: This analysis is for educational purposes only and does not constitute financial advice. Foreign exchange trading involves substantial risk of loss. Always manage your risk exposure strictly.