GBPUSDGBP/USDOANDA:GBPUSDHAMED_AZHello Traders! 👋 What are your thoughts on GBPUSD? Following the break below the ascending trendline, GBPUSD experienced a significant decline toward the 1.3200 support area. At current levels, a corrective rebound is expected, with price potentially retesting the broken trendline and the overhead resistance zone as part of a pullback. This area is particularly important as it represents a confluence of several technical factors, including the descending trendline, former support turned resistance, and key Fibonacci retracement levels. Therefore, any recovery toward this resistance cluster is likely to be met with renewed selling pressure, resulting in a bearish rejection. If this corrective phase is completed and a bearish reaction is confirmed from the resistance zone, the pair could initiate its next downward leg and continue moving toward lower support levels in the weeks ahead. If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️