GBPUSD Bearish Reversal at Major ResistanceGBP/USDOANDA:GBPUSDMrJasim_07📉 GBPUSD 2H Bearish Setup – Resistance Rejection & Downside Targets GBPUSD is approaching a critical resistance area around 1.3570–1.3620 after a strong bullish advance. Price has pushed toward a recent weak high, while the chart structure suggests that this area could act as a potential supply and rejection zone. The current setup is focused on the possibility of a bearish pullback if buyers fail to sustain momentum above the recent high. 🔴 Bearish Scenario: The bearish scenario becomes stronger if GBPUSD shows clear rejection from the 1.3600–1.3620 resistance region and starts forming lower highs or bearish candles on the 2H timeframe. A sustained move back below 1.3570 would provide an early warning that bullish momentum is weakening. The first important downside area is around 1.3520–1.3500, where previous price action and the marked support zone could attract buyers. If sellers break this area with strong momentum, the next major target comes near 1.3490. A decisive break below 1.3490 could open the way toward the deeper 1.3440–1.3410 support region. 🎯 Bearish Targets: • TP1: 1.3520–1.3500 • TP2: 1.3490 • TP3: 1.3440–1.3410 • Extended bearish target: 1.3400 if major support fails 🟢 Bullish Scenario: The bearish setup would be weakened if GBPUSD breaks above the 1.3620 area and holds above the recent weak high with strong 2H candle closes. Such a breakout would indicate that buyers remain in control and that the resistance zone has failed to produce a meaningful reversal. A confirmed breakout above 1.3620 could shift attention toward higher levels as price continues the broader ascending structure. In this situation, traders should avoid forcing short positions and instead wait for a new resistance zone or a confirmed bearish reversal pattern. 🎯 Bullish Targets: • Breakout confirmation: above 1.3620 • TP1: 1.3650 • TP2: 1.3700 • Further upside: continuation toward higher resistance if momentum remains strong 📌 Key Technical Points: • 1.3600–1.3620 is the main resistance/supply area shown on the chart. • The recent weak high creates an important level for bullish breakout or bearish rejection confirmation. • 1.3570 is an important near-term level for determining whether buyers can maintain momentum. • A break below 1.3570 would increase the probability of a corrective move toward the marked support zones. • 1.3520–1.3500 is the first important downside support region. • 1.3490 is the main bearish target highlighted on the chart. • The larger support area around 1.3440–1.3410 could become important if sellers gain strong momentum. • The ascending trend structure remains relevant, so bearish trades should be confirmed rather than assumed. • Watch candle closes and retests around the key levels instead of relying only on intraday spikes. • Volume and momentum expansion during a breakdown would provide additional confirmation for the bearish scenario. 📊 Trading Perspective: From a trading perspective, GBPUSD is currently at a decision area where the reaction around 1.3570–1.3620 can determine the next meaningful move. The preferred bearish approach is to wait for rejection from resistance followed by confirmation below the nearby structure. A failed breakout, bearish engulfing candle, or strong rejection wick around the recent high could strengthen the short setup. For risk management, traders should define the invalidation level before entering. A sustained move above the 1.3620 resistance area would significantly weaken the bearish idea. Rather than entering in the middle of the range, waiting for either a confirmed resistance rejection or a confirmed support breakdown can provide a cleaner risk-to-reward opportunity. ⚠️ Overall Outlook: GBPUSD remains bullish while the higher-timeframe structure holds, but the current 1.3570–1.3620 region is a critical resistance area. Rejection from this zone could trigger a corrective bearish move toward 1.3520, 1.3490 and potentially 1.3440–1.3410. On the other hand, a confirmed breakout and hold above 1.3620 would invalidate the immediate bearish view and favor further upside. The key is confirmation: resistance rejection favors the bearish scenario, while a sustained breakout above the weak high favors continuation of the bullish trend. Always manage position size and risk according to your own trading plan. 📉📈