GBPUSD: Bears remain in control

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GBPUSD: Bears remain in controlGBP/USDOANDA:GBPUSDStone_HavenThe price is currently trading below the EMA20, EMA50, EMA100, and EMA200, indicating that the H1 structure is clearly leaning towards the bears. The 1.3615–1.3625 zone has now become a key resistance level. If the price attempts to rally but faces rejection here, there is a high probability of a continued decline. Immediate support lies around 1.3560–1.3565, corresponding to the green zone on the chart. A break below 1.3560 could extend the downward momentum towards 1.3535–1.3540. Notably, GBP/USD has just experienced a sharp drop from the 1.3650 area, and market data shows the pair falling to around 1.3586 earlier today. 🎯 My primary scenario for today: If the 1.3560 level is decisively broken, I consider it highly likely that GBP/USD will continue to decline during the US session. Conversely, if the price climbs back above 1.3620 and holds that level, the bears will lose their advantage, potentially allowing the price to retest the 1.3650–1.3655 zone.