GBP/USD Bear Flag Breakdown — Sellers step in British Pound/US DollarFX:GBPUSDPRIMEALPHA-FXThis 1-hour GBP/USD chart shows a strong bearish market structure developing after an aggressive sell-off from the 1.3550 region. Price initially formed a rising wedge/expanding consolidation near the top of the chart, which eventually broke to the downside, triggering a sharp impulsive bearish move. After the major decline, the market attempted a recovery and entered a descending channel (bear flag structure), highlighted by the parallel downward-sloping trendlines. This pattern typically signals temporary consolidation before continuation in the direction of the dominant trend — which remains bearish. Price recently pushed upward toward the highlighted resistance zone around **1.3440 – 1.3450**, where sellers stepped back into the market. Multiple rejections from this area suggest strong supply pressure and weakening bullish momentum. The chart now indicates a possible continuation lower, with price beginning to rotate downward from resistance while still respecting the bearish channel structure. ### Key Technical Points * **Primary Trend:** Bearish * **Pattern Formation:** Bear flag / descending channel * **Resistance Zone:** 1.3440 – 1.3450 * **Current Price Area:** Around 1.3410 * **Momentum Bias:** Sellers remain in control below resistance ### Target The projected downside target is the highlighted support zone near: * **Target Area:** **1.3375 – 1.3380** This target aligns with: * Previous intraday support, * Lower liquidity zone, * Bear flag continuation projection, * Channel support extension. A confirmed breakdown below the short-term consolidation could accelerate bearish momentum toward this target region.