GBPUSD H1: The Story Isn't Over Supply Zone Enters the PictureGBP/USDOANDA:GBPUSDEmir_WatenGBPUSD has just completed a fairly decisive decline after being rejected at the 1.3350–1.3380 supply zone, breaking below the moving average and now forming a short-term bottom around the 1.3295–1.3305 zone. The overall trend still leans bearish following the recent failed rally. What's notable is that the current price zone has just formed a new resistance around 1.3320–1.3330, right above where price is currently trading — the possibility of price returning to retest this zone from below before confirming the next direction is something I'm considering. This is a detail worth watching. The fact that price is forming a short-term bottom right after a sharp decline suggests there's still some technical buying pressure here, enough to push price back up to retest the 1.3320–1.3330 resistance zone once more before the market decides on its next direction. The scenario I'm watching is buying at the current price level around 1.3300–1.3305, stop loss below 1.3280, targeting the resistance zone at 1.3320–1.3330 above, where I'll need to watch price's reaction to confirm whether the downtrend continues. This is just my personal take based on technical analysis, not investment advice. Always wait for confirmation before entering and manage risk carefully.