GBPUSD H8British Pound/US DollarFX:GBPUSDWinlouh📉 Market Structure GBPUSD experienced a sharp sell-off from the 1.3600+ region. Current price action suggests a corrective recovery rather than a confirmed bullish reversal. The pair is moving into a key premium resistance area near the 0.618 Fibonacci retracement. 🔴 Key Resistance Zones 1.3500 – 1.3520 → Current resistance area 1.3530 – 1.3550 → Main sell zone / 0.618 retracement 1.3570+ → 0.786 premium resistance Rejection from these levels would favor bearish continuation. 🎯 Bearish Targets 1.3400 → Initial downside target 1.3330 → Intermediate support 1.3200 → Major bearish target (-0.272 extension) 🟢 Bullish Alternative If price breaks and holds above 1.3550, bearish pressure weakens and GBPUSD could continue higher toward: 1.3600 Previous swing highs 📌 Trading Bias Primary Bias: Sell the retracement As long as price remains below 1.3550, the H8 structure favors downside continuation. 📈 Suggested Trade Plan Sell Zone: 1.3500 – 1.3550 Stop Loss: Above 1.3570 Take Profit: 1.3400 → 1.3330 → 1.3200 📌 Summary GBPUSD is retracing into a major H8 resistance zone around 1.3500–1.3550. Rejection from this area could trigger another bearish move toward 1.3400 and potentially 1.3200.