GBPUSD Monthly — Bearish XABCD Structure & Potential ReversalGBP/USDOANDA:GBPUSDDjTheHumbleTraderGBPUSD is currently trading around 1.36225 on the monthly timeframe, and the larger structure is showing a potential bearish setup. The chart is built around a bearish XABCD / harmonic-style structure, with price completing the D leg after the significant move from the 2022 low. 🔴 Bearish Scenario The key area I am watching is the 1.36–1.48 region. Price is currently around 1.36225, but the structure remains vulnerable while GBPUSD stays below the 1.47999 invalidation level. My projected setup is: Entry: 1.36225 Invalidation / Stop: 1.47999 Target: 1.21037 This gives approximately a 1.29R risk-to-reward from the current price. The monthly chart shows a large corrective structure following the previous major decline. The XABCD formation suggests that the current area could represent an important exhaustion/reversal zone. If the bearish structure plays out, I would expect price to work its way back toward the 1.21 area, which corresponds closely with the previous C-leg region and provides a logical downside objective. Invalidation The bearish thesis is invalidated if GBPUSD establishes a sustained move above 1.47999. A break and acceptance above that level would suggest that the assumed harmonic/reversal structure is no longer behaving as expected and that GBPUSD may continue its broader bullish advance. Levels to Watch Resistance / Invalidation: 1.47999 Current Price: 1.36225 Major Downside Target:1.21037 This is a monthly timeframe setup, so patience is essential. The objective is not to predict every short-term move, but to position around the larger structural possibility. Bearish below 1.48 → Target 1.21 As always, this is a technical analysis scenario, not financial advice. Risk should be managed appropriately. #GBPUSD #GBPUSDAnalysis #Forex #ForexTrading #HarmonicPattern #TechnicalAnalysis #PriceAction