GBPUSDGreat British Pound vs. US DollarFX:GBPUSDHAMED_AZHello Traders! 👋 What are your thoughts on GBPUSD? After a strong recovery from the 1.3190 support zone, GBP/USD has once again reached a major resistance area. The pair is currently testing the 0.618 Fibonacci retracement , which also aligns with a long-term descending trendline. This technical confluence significantly increases the probability of renewed selling pressure. Although buyers managed to push price into this resistance zone, the market has so far failed to produce a convincing daily close above both the trendline and the supply area, suggesting that bullish momentum is fading. As long as price remains below the 1.3580–1.3600 resistance zone, the broader market structure continues to favor the bears. If this resistance holds and bearish price action develops, price is expected to move toward the 1.3190 support area, which also coincides with the 0.786 Fibonacci retracement and has previously acted as a strong demand zone. On the other hand, a decisive daily close above 1.3600 would invalidate the current bearish outlook and increase the likelihood of a continuation toward higher resistance levels. If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️