GBPUSD: Trendline Pressure Remains StrongGBP/USDOANDA:GBPUSDParadise_NoirThe GBPUSD daily chart is trading around 1.34756, after continuing to be compressed below the declining trendline extending from the previous peak. Despite a short-term rebound, the overall structure does not yet indicate sufficient buying power to reverse the trend. Regarding news, the GBP is under pressure as recent UK economic data is weaker than expected, particularly PMI and retail sales figures. Meanwhile, the USD continues to receive support from safe-haven sentiment and upcoming US data releases. This makes sustained gains for GBPUSD difficult unless it breaks through the descending trendline. On the chart, the 1.35800 area is a key resistance level. If the price rebounds to this area but is rejected, I expect GBPUSD to reverse and fall to 1.33200, which is the nearest support and also a zone where the market may retest buying pressure. Reference strategy: Good sell position: around 1.3500 – 1.3580 if there is a price rejection signal TP1: 1.3400 TP2: 1.33200 In summary, I still lean towards a further decline in GBPUSD, as long as the price remains below the descending trendline. Buyers need a strong breakout above 1.3580 to change the current structure.