GBPUSD 3HR CHARTBritish Pound vs US DollarICMARKETS:GBPUSDShavyfxhub GBPUSD is in a short-term corrective phase within a larger bullish trend. Price has been respecting a series of higher lows on the higher timeframe, but on the 3H chart, we see a clear descending channel (red trendlines) since the recent high. Key Levels: Demand Floor (Green): Strong support around 1.3290 – 1.3320. Supply Roof (Red): Resistance near 1.3550 – 1.3600. Recent Price Action: Price broke lower from the channel, found support, and is now attempting a recovery. The circled areas show previous supply/demand flips. Current Technical Outlook: The structure is bearish in the short term (descending channel) but bullish on higher timeframes. If price holds above 1.3290 and reclaims the red supply roof, we can expect a move toward 1.36+. Failure to hold the green demand floor would open the door for a deeper correction toward 1.31 – 1.30. disclaimer- for educational content only