GBPUSD: Bearish channel may end with a bullish breakoutGBP/USDOANDA:GBPUSDNyxie_eGBPUSD continues to trade within a short-term bearish channel; however, the intervals between downward swings are narrowing, and the price is consistently showing positive reactions at the pattern's lower boundary. This indicates that selling pressure is losing momentum, while buyers are gradually regaining control. If the price holds the 1.3405 level and breaks above the upper boundary of the channel, the pattern will complete, signaling a short-term reversal. In that event, the immediate target would be 1.3440. Strategy: Prioritize BUY positions around 1.3405, targeting 1.3440. The bullish scenario is invalidated if the price closes below 1.3405 on the H1 timeframe.