GBPUSD - Bearish Continuation Setup in FocusBritish Pound/US DollarFX:GBPUSDXAU_Macro_PulseH4 EMA Selling Zone Holds, Bearish Continuation Setup in Focus Fundamental Analysis GBPUSD is trading in a cautious environment as traders continue to watch the U.S. dollar, interest rate expectations, and upcoming macroeconomic data from both the U.S. and the U.K. When the dollar remains supported, GBPUSD usually struggles to maintain recovery attempts, especially when price is capped below major technical resistance. At the current stage, the pair has not shown enough strength to confirm a clean bullish reversal. The H4 structure still favours sellers while price remains below the EMA resistance area and the descending trendline. Technical Analysis On the H4 chart, GBPUSD is trading around the EMA selling zone, with EMA 34, EMA 89, and EMA 200 acting as dynamic resistance above price. The pair has attempted to recover several times, but the upside reaction remains limited below the EMA cluster. The descending trendline from the previous swing highs is also pressing on price. This creates a confluence area where the EMA resistance zone and trendline resistance meet. As long as GBPUSD stays below this structure, the preferred view remains bearish. From an ICT perspective, the chart shows price reacting near a bearish EMA selling zone after a previous CHoCH structure. The small order block around 1.3407 - 1.3428 has already supported a short-term bounce, but the stronger resistance remains above at 1.3448 - 1.3483. The downside target area is the large FVG zone around 1.3340 - 1.3319. If price rejects from the EMA selling zone and breaks below the short-term order block, sellers may target this imbalance as the next logical liquidity area. Overall, the structure is still bearish while price remains below the H4 EMA cluster and descending trendline. The cleaner plan is to wait for a rejection from resistance rather than chasing the market in the middle of the range. Important Key Levels EMA selling zone: 1.3448 - 1.3460 Upper resistance: 1.3460 - 1.3483 Invalidation area: above 1.3490 Short-term order block: 1.3407 - 1.3428 Current price zone: around 1.3440 First downside target: 1.3380 FVG target zone: 1.3340 - 1.3319 Major downside liquidity: 1.3319 Trading Scenario Main Sell Scenario Entry: 1.3448 - 1.3460 Stop Loss: 1.3490 Take Profit 1: 1.3407 Take Profit 2: 1.3380 Take Profit 3: 1.3319 Sell Condition The preferred sell setup is to wait for price to reject from the EMA selling zone around 1.3448 - 1.3460. This zone aligns with the H4 EMA resistance, the descending trendline, and the upper resistance structure. A sell setup becomes more valid if GBPUSD forms a bearish rejection candle, long upper wick, bearish engulfing pattern, or failed breakout above the EMA zone. A break back below 1.3428 would add more confirmation that sellers are taking control again. If price loses the short-term order block around 1.3407 - 1.3428, the next downside objective is the FVG zone around 1.3340 - 1.3319. Alternative Scenario — Invalidation Only This is not the main buy view. However, if GBPUSD closes strongly above 1.3490 on the H4 chart and holds above the EMA cluster, the bearish setup should be considered invalid. In that case, price may attempt a stronger recovery before a new structure forms. Entry Conditions Do not enter only because price touches the EMA zone. Wait for clear bearish price action confirmation. The best sell condition is a pullback into EMA resistance followed by rejection. A break below 1.3428 would strengthen the bearish continuation view. If price breaks and holds above 1.3490, the sell setup should be removed. Risk management is important because GBPUSD can create liquidity sweeps around EMA and trendline resistance before choosing direction. Overall, the main view remains bearish while GBPUSD trades below the H4 EMA 34, EMA 89, EMA 200, and the descending trendline. The preferred plan is to wait for confirmation around the EMA selling zone and target the FVG area below if sellers regain control. Do you share the same bearish view on GBPUSD, or are you waiting for stronger confirmation before taking a position?