GBPAUD - Key Support at Channel Boundary!GBP/AUDOANDA:GBPAUDRayannsrGBPAUD remains bearish from a broader perspective, continuing to trade inside the red descending channel. Price is now testing the lower boundary of the channel, where it aligns with the blue support area, creating an interesting confluence zone to monitor. ⭕As price is testing this support area, we can start looking for buy setups on lower timeframes, anticipating a corrective move within the descending channel and targeting the upper boundary of the channel. ⭕However, if price breaks below the lower boundary of the channel and the support area fails to hold, it would provide further confirmation of bearish momentum, increasing the probability of continued downside movement. The reaction around this key confluence zone may reveal whether buyers can initiate another correction within the channel, or if sellers are ready to push price lower and continue the broader bearish trend. ⚠️Disclaimer: This analysis reflects my personal market view and is not financial advice. Rayan Nasser #GBPAUD #GBP #AUD #Forex #TechnicalAnalysis #PriceAction #Trading #MarketStructure