GBPUSD

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GBPUSDGBP/USDOANDA:GBPUSDHAMED_AZHello Traders! 👋 What are your thoughts on GBPUSD? On the daily timeframe, GBP/USD has confirmed a valid bearish breakdown after losing the key support zone at 1.3450 – 1.3500. In addition, the pair has broken below its short-term ascending trendline, further reinforcing the bearish structure. In the short term, a pullback toward the broken support zone is likely, which may offer a potential sell opportunity before the market continues its downward trend. However, if price manages to reclaim and sustain above the broken structure and resistance area, the bearish scenario would weaken, opening the door for a deeper corrective move to the upside. Overall, the current market structure still favors sellers unless buyers regain control of the key resistance zone with strong momentum. Feel free to like and share your thoughts in the comments! ❤️