GBPUSD: Selling pressure remains dominant.GBP/USDOANDA:GBPUSDParadise_NoirGBPUSD is showing a fairly clear bearish structure on the H1 timeframe. After losing the equilibrium zone around 1.3500, the price has been continuously pressured downwards and is currently moving within a descending channel. This indicates that sellers have not yet withdrawn from the market, despite several short technical rallies. Notably, GBPUSD is currently below the EMA 8 and EMA 34, while the Ichimoku cloud above continues to act as a dynamic resistance zone. The 1.3390 – 1.3400 zone is currently very important: if the price rallies to this level but fails to break through, this could be where sellers return to push the price down further. Regarding news, the USD is still being supported by expectations that the Fed will maintain a more hawkish stance after the US inflation data showed improvement. Meanwhile, the GBP is under pressure from political risks in the UK and cautious sentiment towards UK assets. This context makes it difficult for GBPUSD to have strong momentum for a short-term recovery. My preferred scenario is that the price could pull back slightly to the 1.3390 area, then continue to be sold down in line with the main trend. If the near support zone is broken, the next target could be around 1.3280. Only when GBPUSD clearly breaks above 1.3450 will the short-term downtrend structure begin to weaken. Currently, the trend remains bearish – any upward move would still be an opportunity for sellers to regain control of the market.