GBP/USD Bearish Pullback from Channel ResistanceGBP/USDOANDA:GBPUSDPRIMEALPHA-FXGBP/USD is trading within a well-defined ascending channel and has recently tested a major resistance zone around **1.3440–1.3450**. After failing to sustain a breakout above this area, price has started to pull back while remaining inside the bullish structure. The Ichimoku Cloud continues to provide underlying support, but the rejection from resistance suggests a short-term corrective move could develop before the broader trend resumes. The highlighted resistance zone has acted as a strong supply area, increasing the probability of sellers pushing the pair lower toward the next support level. As long as price remains below the resistance region, a bearish retracement toward the lower support area remains the preferred scenario. ### **Target** 🎯 **Bearish Target:** **1.3325** ### **Key Levels** * **Resistance:** 1.3440 – 1.3450 * **Current Price:** 1.3402 * **Target:** 1.3325 * **Major Support:** 1.3150 – 1.3160 ### **Trading Idea** A rejection from channel resistance and horizontal supply suggests a potential decline toward **1.3325**. Traders should watch for continued weakness below **1.3440** to confirm the bearish pullback scenario.