British Pound / U.S. Dollar
Short
Updated

GBPUSD has shown a clear breakdown from the ascending channel

1 502
🔴GBPUSD – Bearish Setup Confirmed 📉

GBPUSD has shown a clear breakdown from the ascending channel, followed by a support break, signaling a potential shift in market structure. Price action on the 1-hour timeframe favors further downside.

📍 Sell Bias: After Channel & Support Breakdown
🎯 Technical Targets:
• TP1: 1.33800
• TP2: 1.33700
• TP3: 1.33400

As long as price stays below the broken structure, sellers remain in control and bearish continuation is expected.

⚠️ Risk Management Is Crucial
Always trade with proper risk management, use a well-defined stop-loss, and manage your position size carefully.

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