GBPUSD Rejection From Resistance — Next Move LowerGBP/USDOANDA:GBPUSDMrJasim_07GBP/USD 2H Outlook — Bearish Continuation Toward Major Demand 📉 GBP/USD is trading near 1.3319 after a clear rejection from the descending trendline and the overhead supply/resistance areas. The chart shows that price has moved lower from the 1.3450–1.3480 region, formed lower highs, and then broke beneath the nearby 1.3380–1.3400 resistance band. This keeps the short-term market structure tilted to the downside. 🐻 At the moment, price is consolidating around 1.3300–1.3330 after the sell-off. This can produce short-term bounces, but unless buyers reclaim the resistance zone and break the falling trendline, rallies are more likely to be viewed as opportunities for sellers to re-enter. Key Resistance Zones 🚧 1.3330–1.3345: Immediate resistance and the first area sellers may defend. Price needs to remain below this zone for the bearish setup to stay clean. 1.3380–1.3400: Major resistance area marked on the chart. This was a previous support zone and now acts as supply after the breakdown. 1.3450–1.3480: Higher supply zone near the descending trendline. A sustained move above it would weaken the bearish outlook significantly. Key Support & Target Zones 🎯 1.3300–1.3310: Immediate intraday support. A decisive break below this level would increase downside momentum. 1.3250–1.3255: First downside target zone. This is a logical place to take partial profits because buyers may react. 1.3225–1.3230: Main demand/support zone highlighted in blue. This is the chart’s primary bearish target and likely area for a stronger reaction. 🛡️ Below 1.3225: If sellers break and close below the demand zone, GBP/USD could extend lower; however, traders should wait for fresh structure before assuming continuation. Bearish Trade Plan 💡 The preferred bias is to look for sell opportunities on a pullback, rather than chasing price lower after a large bearish candle. A possible setup is for price to retest the 1.3330–1.3345 area and show bearish confirmation—such as a rejection wick, bearish engulfing candle, lower high, or failure to reclaim the trendline. A more conservative trader may wait for an hourly or 2-hour close below 1.3300, followed by a retest from underneath. If that retest fails, the downside path toward 1.3250 and then 1.3225–1.3230 becomes more attractive. Potential bearish roadmap: Price remains below 1.3330–1.3345. Sellers break and hold below 1.3300. First target: 1.3250–1.3255. Main target: 1.3225–1.3230 demand zone. 📉 Bullish Invalidation Scenario ⚠️ The bearish plan weakens if price reclaims 1.3345 with strength and begins holding above it. A break above the 1.3380–1.3400 resistance area, especially with a 2-hour close above the descending trendline, would signal that sellers are losing control. In that case, avoid forcing short positions and reassess the structure. Risk Management 🧠 Use a stop-loss above the resistance zone that validates your entry—not simply at a random number. For a sell from the immediate resistance area, the stop should be placed above the recent swing high or above 1.3345, depending on entry confirmation and personal risk tolerance. Keep risk per trade limited, ideally around 0.5–1% of account capital. Take partial profit near 1.3250, then consider moving the stop-loss to breakeven if price continues toward 1.3230. Avoid opening positions directly into the blue demand zone, since it is an area where buyers may step in aggressively. 🎯 Overall, GBP/USD remains bearish below 1.3345, with the descending trendline and multiple overhead supply zones supporting the sell-side view. The main focus is whether price can break below 1.3300 and continue toward the 1.3225–1.3230 demand zone. This is educational analysis only—not financial advice.