Analyzing SBR/RBS Fluid Zones & Support Zones on GBP/USD 4H GBP/USDOANDA:GBPUSDExpert_TravisTechnical Elements & Market Structures 1. The Descending Channel Upper Resistance Line: A well-defined downward-sloping trendline connects the major swing highs from February (near 1.3800) through mid-May (near 1.3600). Lower Support Line: A parallel downward-sloping trendline marks the lower boundary of the channel, projecting support levels down toward the 1.2900 area by July. 2. Key Horizontal Zones RESISTANCE ZONE 1 (Red Box): Positioned around the 1.3600 level, marking a significant ceiling where buyers failed to break out in April/May. SUPPORT ZONE (Teal Box): Formed at the base of the current trading range around the psychological 1.3000 level. This area matches previous historical buying interest from November of the prior year. Support-Turned-Resistance (SBR) Zones: An annotation on the upper left points out a heavily mitigated zone, noting that it acts fluidly between SBR (Support Become Resistance) and RBS (Resistance Become Support). A central annotation notes a minor zone "about to be SBR zone because it might retest descending channel trendline know as Supportive line." Projected Price Movement The chart features drawn white arrows indicating a bearish projection for early July 2026: Immediate Retest: Price is expected to short-term bounce or retest the immediate structural resistance around the 1.3250 area. Downward Continuation: Following the retest, a strong downward projection points toward a breakdown into the primary SUPPORT ZONE (1.3000), with an extension potentially pushing toward the bottom channel trendline near 1.2900.