.GBP/USD M30 NEW ANALYSIS UPDATES

**GBP/USD M30 Trade

The pair is currently trading within a clear **descending channel**, marked by two parallel trendlines. Price action shows multiple rejections from the upper boundary of the channel, confirming the bearish structure. Notably, there are two marked highs (red arrows) where the price was rejected at the upper trendline — suggesting strong resistance.

At the current level around **1.3235**, the price is approaching the upper trendline of the channel once again. If the price gets rejected here, it could be a potential **shorting opportunity** targeting the lower boundary of the channel around the **1.3170 – 1.3160** zone.

However, if the price **breaks and closes above** the descending channel with strong bullish momentum, this would invalidate the short setup and could signal the beginning of a **trend reversal** or at least a short-term retracement upwards.

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**Trade Setup:**

- **Short Entry:** Near 1.3235 (upon rejection confirmation)
- **Stop Loss:** Above 1.3265 (above recent highs and channel breakout)
- **Take Profit:** Around 1.3170 or the lower trendline

**Alternate Scenario (Breakout):**

- **Buy on Breakout:** On a strong candle close above the upper channel
- **Stop Loss:** Below the breakout candle
- **Take Profit:** Based on next resistance levels (e.g., 1.3280+)