GBPUSD | Bearish continuation from SupplyBritish Pound / U.S. DollarFOREXCOM:GBPUSDJ4mesWickGBPUSD remains capped within a broader distribution structure, with recent price action showing repeated rejection from key resistance levels. Fundamentally, the BoE holds rates at 3.25%, maintaining a cautious, data-dependent stance as UK labor market conditions soften and growth momentum slows. On the US side, the Federal Reserve remains structurally supported despite recent downward revisions in GDP, with geopolitical risk flows (Middle East tensions and energy route instability) continuing to reinforce USD safe-haven demand. Net effect: Cable rallies continue to face strong overhead pressure. Institutional flow remains aligned with this bias. COT data shows reduced conviction in GBP longs, while commercial positioning continues to support USD strength on dips. This reinforces the idea that bullish reactions in GBPUSD are being used as liquidity for distribution at higher prices. 📊 Technical Overview • Weekly structure remains capped below 1.3550–1.3600 resistance zone • Daily price struggles beneath 200-period MA near 1.3500 • Repeated rejection signals distribution at range highs • H4 supply formed between 1.3450–1.3485 • Price remains in corrective pullback within bearish structure Overall structure remains bearish while price trades below key weekly resistance. 🎯 Trade Plan Order Type: Sell Limit Entry: 1.3465 Stop Loss: 1.3535 TP1: 1.3365 TP2: 1.3300 Bias: As long as price remains below the 1.3500–1.3550 resistance block, bearish continuation remains the higher-probability scenario. A rejection from H4 supply increases probability of continuation toward lower weekly liquidity zones.