GBP/USD โ€” Breakdown or reversal ahead?

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GBP/USD โ€” Breakdown or reversal ahead?Great British Pound vs. US DollarFX:GBPUSDTheZimpact ๐Ÿš€GBP/USD continues to trade under strong bearish pressure after failing to sustain its previous bullish momentum. Price has been forming lower highs and lower lows, showing that sellers are still dominating the short-term structure. The recent decline has brought the pair closer to an important demand area where the next major reaction could develop. ๐Ÿ†Previously: ๐Ÿ“ˆ Bullish scenario A bullish recovery would first require buyers to defend the current support and regain momentum. If price manages to break back above the nearest resistance zone, the market could shift into a corrective rally, opening the door for a move toward higher supply areas. Until then, bullish opportunities remain limited and require confirmation. ๐Ÿ“‰ Bearish scenario If the current support fails to hold, the existing downtrend is likely to continue. A confirmed breakdown below the demand zone could attract additional selling pressure and extend the decline toward lower liquidity areas. As long as price remains below the highlighted resistance zones, sellers continue to hold the overall advantage. The market is currently approaching an important decision point. Traders should watch closely for either a strong bullish reaction from support or a confirmed breakdown that signals continuation of the prevailing bearish trend.