GBP/USD — Bearish Channel & Potential Rebound SetupGreat British Pound vs. US DollarFX:GBPUSDMarketStrategysignals📉 GBP/USD — Bearish Channel & Potential Rebound Setup 🔎 Market Structure GBP/USD remains within a clearly defined bearish descending channel, with price consistently forming lower highs and lower lows. The broader structure continues to favor sellers while price remains below the major resistance and order-block zones. 🧱 Key Support Zone Price is currently approaching the 1.3165–1.3180 support area, which is close to the recent lower boundary of the structure. This zone could attract buyers and produce a short-term corrective bounce. A strong rejection from this area could push price back toward 1.3230, followed by the 1.3260–1.3300 region. 🎯 Upside Targets If buyers successfully defend the current support and price starts creating higher lows, the potential rebound levels are: TP1: 1.3230 TP2: 1.3260–1.3300 TP3: 1.3340–1.3380 — major order-block area The 1.3340–1.3380 zone is particularly important because it represents a previous supply/order-block area where sellers could become active again. 🐻 Bearish Continuation Scenario Despite the possibility of a short-term rebound, the overall structure remains bearish. If GBP/USD breaks and closes below 1.3165 with strong momentum, the bullish rebound scenario would weaken considerably. A confirmed breakdown could signal continuation toward fresh lows. ⚠️ Invalidation & Confirmation For a safer bullish reaction, it would be preferable to see: Support hold → rejection → higher low → bullish confirmation → upside continuation. For the bearish continuation scenario: Support break → retest from below → rejection → continuation lower. 📌 Overall Bias Higher-Timeframe Bias: 🐻 Bearish Short-Term Outlook: 🔄 Potential bullish correction from support Key Support: 1.3165–1.3180 Key Resistance: 1.3230–1.3260 Major Supply: 1.3340–1.3380 📈 Key idea: The current area is important. A successful defense of support could initiate a corrective recovery, while a decisive breakdown would favor further bearish continuation.