GBP/USD Bearish Pullback Setup

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GBP/USD Bearish Pullback SetupBritish Pound/US DollarFX:GBPUSDPRIMEALPHA-FXThe 1-hour GBP/USD chart shows a market that previously advanced along a strong ascending trendline before encountering resistance within a highlighted supply zone near the recent highs. After rejecting this resistance area, price broke below the rising trendline and moved into a corrective bearish phase. The Ichimoku Cloud indicates weakening bullish momentum, with price struggling to sustain gains above key support levels. Although a recent upward spike suggests short-term buying interest, the projected scenario anticipates a pullback toward the nearby support region around 1.3400–1.3420. As long as the resistance zone remains intact, the bias favors a continuation of the corrective decline, with the marked support area serving as the primary downside target.