GBP/USD Channel + Resistance Rejection (17.02.2026)

Feb 17

📊 Description✅ Setup GBPUSD
GBPUSD is trading inside a descending channel, respecting the trendline structure.
Price recently tapped a key resistance zone near the channel top and showed rejection.

Confluences:
✔ Descending channel structure
✔ Clear resistance zone reaction
✔ Price below dynamic resistance (cloud/MA)
✔ Lower highs forming → bearish structure

This signals potential continuation to the downside.

🧱 Support & Resistance
🔺 Resistance Zone: 1.3640 – 1.3660
🔻 1st Support: ~1.3570
🔻 2nd Support: ~1.3548

These zones are key reaction levels.

⚠️ Disclaimer
This analysis is for educational purposes only.
Not financial advice. Always use proper risk management.


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Feb 17

Trade active

Feb 17

Note

In Good Profit

Feb 17

Trade closed: target reached

Target reached

Feb 18

Note

Fundamental Updates :
1. Discussions between Iran and the United States about nuclear issues are going well, which is helping to reduce conflicts or stress in the Middle East region.

2. Today Federal Reserve would give any hints about lowering interest rates in the future.