GBPUSD 30/06 Breaks The Channel — Pullback Ahead? GBP/USDOANDA:GBPUSDAdrian_NovaTraderGBPUSD has started losing bullish momentum after rejecting the upper boundary of its ascending channel and failing to break the major H1 resistance around 1.3270. Although the broader trend remains bullish, the recent channel breakdown suggests a deeper pullback may be underway before buyers attempt another move higher. The key area to watch is the 1.3190–1.3200 H1 POI, where demand could attract fresh buying interest. Currently • Price rejected the upper channel resistance • Ascending channel has been broken • Short-term momentum is turning bearish • Price is rotating toward the 1.3190–1.3200 H1 POI • Major resistance remains near 1.3270 Trading Plan Bias: Bearish Retracement Within a Bullish Structure Main Zone • 1.3190–1.3200 → H1 POI Execution Idea As long as price stays below 1.3260, sellers may continue pushing toward the 1.3190–1.3200 POI. A strong bullish reaction from this area could support the next leg higher. Targets → TP1: 1.3220 → Internal Liquidity → TP2: 1.3190–1.3200 → H1 POI → TP3: 1.3140 → Major H1 Support Invalidation A confirmed H1 candle close above 1.3260 would invalidate the bearish pullback scenario. Key Insight A channel break often signals a corrective phase rather than a full trend reversal. Until buyers reclaim 1.3260, the short-term bias favors a pullback. Key Question Is GBPUSD preparing for a healthy pullback, or will buyers quickly regain control?