GBPUSD: Bearish Triangle Formation, Breakout and Targets Ahead!GBP/USDOANDA:GBPUSDVincePrinceHello There, welcome to my new analysis about GBPUSD on the hourly timeframe perspective. In recent times I've caught interesting setups in the forex market that are likely to turn into profitable trading opportunities in the next times. One of them is GBPUSD. While the price is going to have a bearish direction breakout, this marks a pivotal opportunity to profit from a short-side trade. As when looking at my chart, we can watch there how GBPUSD is forming this consecutive descending channel formation. GBPUSD has massive resistance levels within the upper boundary of the channel. This area has been an origin of massive bearish selling pressure already several times in the past. Once GBPUSD approaches this area again, it is likely to turn into a bearish pullback again. The most important formation in this whole structure is the ascending triangle formation. This formation completes when GBPUSD moves into the massive bearish resistance cluster marked in red in my chart, and pulls back from there on. The final breakout below the lower boundary is going to complete the formation and activate the lower target zones. In this manner, thank you a lot for watching! The support is highly appreciated. VP