GBP/USD Price Outlook – Trade SetupGreat British Pound vs. US DollarFX:GBPUSDATFX_Global🌐Macro Background The British pound faced renewed selling at Monday’s open, trading near year-to-date lows amid dampened sentiment from UK political uncertainty. Sources say Prime Minister Keir Starmer may announce a departure timetable as early as Monday. Meanwhile, global safe-haven demand for the US dollar has intensified amid escalating tensions in the Middle East, including US-Iran peace talks and Iran's closure of the Strait of Hormuz. Strong UK retail sales briefly lifted sterling last week, but instability and risk-off positioning now limit any rebounds. 📊Technical Structure The pair has remained in a descending channel since mid-May. Price action breached $1.3200 over the weekend, leaving it near the crucial March Low support zone. 🎯Trade Setup As short-term direction remains weak but sits atop major support, consider a Breakout/Continuation Short or a Tactical Mean-Reversion Long based on price action at the March Low. Bullish Counter-Trend (High-Risk Mean Reversion): Entry: Long only if the $1.3148–$1.3173 zone holds firmly, displaying clear bullish rejection candles. Bearish Continuation (Preferred Momentum Play): Entry: Short on a confirmed 4H candle close below the March Low region. 📌Invalidation For Short Setup: A strong, impulsive push back above the 1.3278 invalidates the immediate bearish continuation thesis. For Long Setup: A clean break and daily close below the1.3148 support marker. 📌Trade Summary The pound remains structurally vulnerable as political instability in Downing Street intersects with safe-haven flows into the greenback. Technically, GBP/USD is flirting with a critical make-or-break pivot at the March low. ⚠️Disclaimer This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.