GBPUSD Confluence Resistance Favors SellersGBP/USDOANDA:GBPUSDTrade_ActionTechnical Outlook Trendline Resistance: Price is testing a well-respected descending trendline that has capped previous rallies. Supply Zone Confluence: The highlighted resistance zone aligns with the trendline, increasing the likelihood of seller participation. Bullish Exhaustion: The recent rally has become extended, and price is beginning to consolidate beneath resistance, signaling weakening buying pressure. Potential Retracement: A confirmed rejection could trigger a pullback toward 1.3270, with further downside extending into the major support zone around 1.3130–1.3160. Bearish Scenario Wait for bearish confirmation, such as a rejection candle, bearish engulfing pattern, or a break below the recent higher-low structure. First Target: 1.3270 (nearest support). Second Target: 1.3130–1.3160 (major demand/support zone). A break below intermediate support would strengthen the bearish continuation outlook. Invalidation A strong 2-hour close above the descending trendline and the 1.3385 resistance zone would invalidate the bearish setup and suggest buyers have regained control. Bias: Short-term Bearish while price remains below the descending trendline and supply zone. Confirmation is recommended before entering short positions, as the broader move into resistance has been strong and could still attempt one final liquidity sweep.