GBPUSD: Short-Term Rebound Possible Before Another Move LowerGreat British Pound vs. US DollarFX:GBPUSDzarixschoolGBPUSD is approaching an interesting area on the 4-hour chart. The broader structure still allows for another leg lower, but from the current zone I would not expect the move to continue in a straight line. Price may first rebound toward the 1.3553–1.3565 area, and if momentum is stronger, the recovery could extend toward 1.3600–1.3623. Those resistance zones are the main areas I am watching for a possible bearish reaction. The downside scenario becomes more important if price fails to hold above the rebound zones and turns lower again. In that case, 1.3451–1.3427 is the first key support area. A clean break below that zone would strengthen the bearish continuation scenario and could expose 1.3359–1.3351 next. Key levels Resistance: 1.3553–1.3565 Major resistance: 1.3600–1.3623 First downside zone: 1.3451–1.3427 Lower support: 1.3359–1.3351 My main scenario is therefore not an immediate sell from current price, but a possible rebound first, followed by another bearish setup if price shows rejection from resistance. As always, the reaction at the levels matters more than simply touching them.