GBP/USD is showing a bearish wedge breakout after price rejected from the upper resistance zone and broke below the rising wedge support line. The pair is now trading under the breakout area, suggesting short-term momentum has shifted toward sellers. As long as price remains below the highlighted resistance zone, downside continuation toward the marked support levels remains favored. 
GBPUSD
🔴1st Support : 1.33286
🔴2nd Support : 1.32933
🟢Resistance Zone : 1.34232 – 1.34385
⚠️Disclaimer : This analysis is for educational purposes only
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GBPUSD 🔴1st Support : 1.33286
🔴2nd Support : 1.32933
🟢Resistance Zone : 1.34232 – 1.34385
⚠️Disclaimer : This analysis is for educational purposes only
Support the idea 🚀Boost |💬 Comment |🔁 Share |
🔸🔸 Charts Don’t Lie, Traders Don’t Quit 🔸🔸
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Note
📅 High Impact Events :• May 20, 2026 – UK Core CPI YoY
• May 20, 2026 – UK CPI YoY
• May 20, 2026 – U.S. FOMC Meeting Minutes
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✅Free Telegram Channel: telegram.me/kabhifx
✏️Text Me @ telegram.me/kabhidhan
✏️Text Me @ telegram.me/kabhidhan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.