GBPUSD Price Update – Clean & Clear Explanation

May 4

GBP/USD transitioning from a prior uptrend into a potential bearish phase. Initially, price respected a rising trendline, forming higher highs and higher lows, confirming bullish control.

Following this rejection, price broke below the ascending trendline, which is a key indication of weakening bullish momentum and a possible shift in structure. Since then, the market has started forming lower highs, reinforcing a developing bearish bias.

Currently, price is reacting near a mid-resistance zone around 1.3560–1.3580, where a short position is considered. The trade setup shown suggests selling from this area, with a stop loss placed above the recent high near 1.3615, protecting against a false breakout. The downside target lies in the 1.3400–1.3450 demand zone, where price previously found support.

Overall, the confluence of a trendline break, supply zone rejection, and emerging lower high structure supports a short-term bearish outlook. As long as price remains below the resistance zone, the probability favors continuation toward lower levels. However, a strong move back above the supply area would invalidate this bearish scenario.

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May 5

Trade active