*GBP/USD Bearish Fake Breakout | Channel Rejection Eyes 1.3379 SGBP/USDOANDA:GBPUSDAlpha_Trade_Scope GBP/USD formed a **fake breakout** above the ascending channel, trapping buyers before reversing sharply back inside the structure. The rejection from the upper boundary confirms bearish momentum, with price now moving toward the channel's lower trendline. As long as price remains below the broken trendline and recent swing high, sellers are likely to stay in control. A continuation of the current bearish move could drive price toward the lower channel support. 🎯 **Target:** **1.3379** (Lower ascending channel support) **Key Levels:** * **Resistance:** 1.3500–1.3535 * **Target Support:** **1.3379**