GBP/USD β€” Bears won round one

Wait 5 sec.

GBP/USD β€” Bears won round oneBritish Pound/US DollarFX:GBPUSDTheZimpact πŸ†The previous bearish scenario played out cleanly: Price respected the dynamic SR, failed to reclaim the structure, and delivered the downside move exactly from the area highlighted in the previous analysis. Now we are seeing a reaction after the drop, but the main focus remains the descending dynamic resistance. As long as price stays below that structure, this can simply be considered a relief bounce inside a broader bearish move. The next key confirmation comes from the dynamic SR itself: β€’ Break and hold above it β†’ bullish momentum can return and push price toward the upper zones. β€’ Rejection from it β†’ sellers may regain control and continue the bearish structure. For now, the market is testing an important decision area where both buyers and sellers have reasons to fight. The previous zone did its job. Now all eyes are on the dynamic SR.