21 Jul GBPUSD outlook: Potential reversal seenBritish Pound / U.S. DollarFOREXCOM:GBPUSDChartingGenieGBPUSD has extended its recovery over recent weeks and is now testing a significant weekly resistance zone. This area has repeatedly capped previous advances, making it a key level to watch for signs of either continuation or rejection. Although the broader recovery remains intact, buyers have yet to secure a decisive weekly close above resistance. Until that happens, the recent rally could still be viewed as a corrective move within the broader higher-timeframe range rather than the start of a sustained bullish trend. If sellers regain control around current levels, focus may shift towards the 1.3140 support area initially, with 1.3010 emerging as the next downside level should bearish momentum strengthen. Given this is a weekly timeframe, any move would likely unfold over several weeks rather than in the near term. Alternatively, a sustained weekly close above resistance would suggest strengthening bullish conviction and reduce the likelihood of this bearish scenario. For now, the technical structure suggests the current resistance zone remains a key inflection point. By Li Xing Gan, Financial Markets Strategist Consultant to Exness