GBPUSD: Is the Bottom Finally Here?GBP/USDOANDA:GBPUSDzarixschoolGBPUSD could be just days away from a major turning point. After weeks of selling pressure, the British pound is getting closer to an important weekly bottom. My timing analysis points to October 16 as a key date when this bottom could finally take shape. But there's a catch... We might see one last drop before the real recovery begins. Here's What I'm Watching On the weekly chart, GBPUSD is already in oversold territory. That means we're getting closer to an area where buyers could start stepping in. The key support levels are: 1.3195 – First support to watch 1.31608 – Next support 1.3135 – Lower support if selling continues On the daily chart, price is moving sideways in a tight range after a sharp decline. And there's one number that could change everything: 1.3274 — The Level That Matters If GBPUSD closes above 1.3274 on the daily chart before making another low, the recovery could already be starting. But if price stays below that level, we could still see one final drop before the weekly bottom forms. If buyers take control, the next levels to watch are 1.33611 and 1.34840. My Outlook I'm watching for a possible bottom around October 16. The pound may still have a little more room to fall, but I believe we're getting close to an important turning point. The question isn't just how low GBPUSD can go. It's whether the next move down could be the last one before a bigger recovery. What do you think? One last drop or is the bottom already in? #GBPUSD #Forex #GBP #TechnicalAnalysis #PriceAction