GBPUSD 1H Analysis* GBP/USDOANDA:GBPUSDMr_expert_08*GBPUSD 1H Analysis* by ### *1. Chart Breakdown* - *Pair:* GBPUSD - *Timeframe:* 1H - *Current Price:* 1.34522 -0.20% - *Pattern:* Price is inside a rising *Channel/Wedge* with higher highs and higher lows ### *2. Key Levels on Chart* - *Resistance Zone:* 1.34522 - 1.35000 marked in red - *Support Zone:* 1.32251 marked in blue box at bottom - *Mid Support:* 1.34232 - *Trendlines:* Price rejected from the top of the ascending channel ### *3. The Setup* The blue arrow shows an expected *bearish move*. Reason: 1. *Rejection from Resistance* - Price touched channel top + "Resistance" label and got rejected 2. *Target Zone:* The gray box points toward 1.32251 support area 3. *Date Targets:* The UK flags on Jul 21, 23, 25 suggest major UK news/events could push price down to that zone ### *4. Trade Idea Based on This Chart* - *Bias:* BEARISH until 1.32251 support holds - *SELL Zone:* 1.34500 - 1.35000 - *TP:* 1.33000 first, then 1.32251 - *SL:* Above 1.35100, above channel top *Risk Note:* This is an ascending channel. If price breaks and closes above 1.35000, this bearish view is invalid and we could see 1.36000+. Do you want me to mark *exact entry, SL, and TP* for a SELL setup on this, with proper risk for account management?