GBPUSD Technical Analysis: Downside Move in FocusGBP/USDOANDA:GBPUSDMrJasim_07📉 GBPUSD Daily Chart – Bearish Trading Perspective GBPUSD is showing a bearish overall structure on the daily timeframe. Price remains beneath a descending trendline and has recently rejected from an important supply/resistance area, suggesting sellers are still defending higher prices. The latest move lower from the 1.3570 region reinforces the idea that rallies may continue to be sold unless price can reclaim and hold above the marked red zone. 🔻 The primary resistance area sits around 1.3550–1.3575, with a wider supply zone extending roughly into 1.3600–1.3700. This is the key bearish invalidation area: a strong daily close above it, especially above the descending trendline, would weaken the current short bias and could open the door for a move toward the prior highs. 🛡️ Support zones to watch 1.3340–1.3360: Near-term support and an important reaction area. Price may pause or produce a bounce here, but a clean daily break below it would favour further downside. 1.3180–1.3220: Main blue demand/support zone. This is the most important downside area on the chart and may attract buyers or profit-taking from short positions. 1.3139: First major bearish target, aligned with the marked strong-low area. 1.3030–1.3100: Deeper support zone and extended target if bearish momentum accelerates. 🎯 📌 Trade plan idea The preferred approach is to remain patient and look for bearish confirmation rather than chasing price after a large move. Possible short setups could develop if price retraces into 1.3430–1.3500 and shows rejection, or if it revisits the stronger 1.3550–1.3575 red supply zone with bearish price action. A second approach is a breakdown trade: wait for a convincing daily close below 1.3340, then look for a retest of that level as resistance before considering continuation shorts. 🎯 Potential targets TP1: 1.3360 / 1.3340 TP2: 1.3220–1.3180 blue demand zone TP3: 1.3139 strong-low target Extended target: 1.3100–1.3030 if sellers remain in control ⚠️ Risk management Keep risk controlled on every position. A sensible invalidation point for shorts is above the entry zone and, for wider swing setups, above 1.3575–1.3600. Avoid risking more than a small predefined percentage of account equity per trade, and consider moving the stop to breakeven after the first target is reached. If price closes decisively above the red zone and descending trendline, step aside—the bearish setup may no longer be valid. 🧠 Overall, the chart favours a sell-the-rally / bearish continuation mindset while price remains below the marked supply zone and trendline. The key battle will be around 1.3340: holding above it may create a temporary bounce, while breaking below it could expose the blue support area and the 1.3139 target.