GBP/USD Technical Analysis

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GBP/USD Technical AnalysisGreat British Pound vs. US DollarFX:GBPUSDMarketStrategysignals📊 GBP/USD Technical Analysis – Bearish Continuation Setup 🐻 The overall market structure remains bearish after the strong rejection from the major resistance around 1.3558. Price is currently making a corrective move, but buyers are still struggling to regain control. 🔍 Key Observations 🛑 Strong rejection from higher resistance confirms selling pressure. 📈 Current bounce appears to be a pullback rather than a trend reversal. ⚠️ The highlighted supply zone (1.3465–1.3480) is the key area to watch for fresh selling. 📦 If sellers defend this zone, bearish momentum could resume. 🎯 Bearish Scenario ✅ Wait for bearish confirmation inside the supply zone. 📉 A rejection could send GBP/USD back toward the order block around 1.3380, which is the next major downside target. 🚨 A sustained breakout above the supply zone would weaken the bearish outlook and open the door for a move toward the higher resistance. 🧠 Conclusion The bias remains bearish while price trades below the resistance zone. A pullback into supply followed by rejection would offer the highest-probability continuation toward the marked order block. 📉🔥