GBPUSD TRADE IDEA

GBPUSD (H1)

Bias: Bearish

Based on the chart, price has rejected the 1.3478 resistance and is trading back below the 1.3437 pivot, indicating sellers are regaining control. The recent lower high and bearish momentum favor a continuation lower unless buyers reclaim resistance.

Sell Entry Zone:

• 1.3430 – 1.3445 (on a pullback/retest)

Take Profit Targets:

• TP1: 1.3387 (nearest support)
• TP2: 1.3345 (major support)

Stop Loss:

• Above 1.3480

Bullish Invalidation:

• A strong H1 candle closing above 1.3478 would weaken the bearish setup and could trigger a move toward higher resistance. Your chart currently favors downside continuation toward the marked support levels. Recent GBP/USD technical commentary also notes that failure to hold above nearby resistance can keep short-term selling pressure intact. (investinglive.com)