GBPUSD: Descending Channel Keeps Sellers in ControlGBP/USDOANDA:GBPUSDParadise_NoirGBPUSD remains under clear bearish pressure on the H4 timeframe, with price continuing to respect a descending channel and forming a sequence of lower highs and lower lows. The recent consolidation around 1.3480–1.3500 has not changed the broader bearish structure. If price remains below the 1.34938 resistance area and selling pressure returns, I expect GBPUSD to continue lower toward 1.34435, near the lower boundary of the channel. A rejection from the current resistance area would further strengthen this bearish scenario. The technical structure continues to favor sellers, as price remains below the Ichimoku Cloud while the descending channel is still intact. Consequently, I favor a sell on rebound strategy while price stays below channel resistance. Main Trend: Bearish | Resistance: 1.34938 | Target: 1.34435