GBPUSD 1H Bearish Channel Breakdown — 1.3480 Demand in FocusGBP/USDOANDA:GBPUSDTheChartCoreGBPUSD remains under bearish pressure after rejecting the 1.3600–1.3620 weak supply zone and continuing to trade inside the descending channel. Price is now approaching the 1.3470–1.3490 main demand zone, making this a critical area for the next reaction. Bearish scenario: A confirmed break and close below the main demand zone could expose 1.3420–1.3440 major support. Bullish scenario: If demand holds and price reclaims the descending channel, a recovery toward 1.3550 → 1.3600 could develop.