GBP/USD Mid- to Long-Term Analysis | Weekly TimeframeBritish Pound / U.S. DollarFOREXCOM:GBPUSDVanguardFXEcoThe GBP/USD pair has been trading within a weekly ascending channel since November 2022, and price is currently approaching the midline of the channel, a level that could determine the next major move. 📉 Bearish Scenario If the channel's midline, together with the key weekly support at 1.30102, is broken with a confirmed weekly close below the level, the probability of a deeper correction increases significantly. In that scenario, price could continue its decline toward the lower boundary of the ascending channel. 📈 Bullish Scenario On the other hand, if the 1.30102 support level holds and buyers successfully defend this area, GBP/USD may regain bullish momentum and move back toward the upper boundary of the channel, with 1.40736 acting as the primary upside target. 🌍 Fundamental Outlook From a macroeconomic perspective, if the Federal Reserve maintains a restrictive monetary policy and market expectations continue to favor a stronger U.S. Dollar, the bearish scenario and a move toward the lower boundary of the channel would become more likely than the bullish alternative. «Disclaimer: This analysis is based on the current technical structure and prevailing macroeconomic conditions. Future economic data, central bank policy decisions, or a break of key technical levels may invalidate this outlook.» #GBPUSD #Forex #TechnicalAnalysis #FundamentalAnalysis #GBP #USD #Fed #PriceAction #WeeklyChart #Trading