GBPUSD RETEST AND PULLBACK (READ CAPTION)Hi trader's what do you think about gbpusd
GBPUSD is currently trading with a bearish market bias, as price continues to respect key resistance levels and sellers remain in control. The overall price action suggests a higher probability of downside continuation unless major resistance zones are broken.
๐น Resistance: 1.35337
This is the primary resistance level where price has faced repeated rejection.
As long as GBPUSD remains below 1.35337, selling pressure is expected to persist.
๐น Strong Resistance Zone: 1.35840
This level represents a major supply and rejection zone.
Any retracement into 1.35840 that fails to break above would strongly confirm bearish continuation.
๐น Support: 1.34601
This is the first downside support, where price may pause or attempt a short-term bounce.
A confirmed break below 1.34601 will signal further bearish momentum.
๐น Demand Zone: 1.33582
This is the key demand area and main downside target.
If price breaks below 1.34601, the market is likely to move toward 1.33582, where buyers may attempt to step in.
๐ Market Outlook
Below 1.35337 / 1.35840 โ Bearish continuation expected
Break below 1.34601 โ Targets 1.33582 demand zone
Demand zone reaction will determine the next major move
Overall, the structure supports a bearish retracement followed by continuation scenario.
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Bearishanalysis
GBPUSD BREAK CHANNEL (READ CAPTION)Hi trader's what do you think about gbpusd
GBPUSD is currently showing a bearish market structure, with price trading below key resistance levels and sellers controlling the overall trend. The price action suggests further downside continuation unless major resistance levels are broken.
๐น Resistance: 1.34040
This is the primary resistance level where price has previously faced strong rejection.
As long as GBPUSD remains below 1.34040, bearish pressure is expected to continue.
๐น Resistance: 1.34601
This is the major upper resistance and a strong sell zone.
If price retests 1.34601 and fails to break above, it would further confirm bearish continuation.
๐น Support Zone: 1.33127
This zone acts as the first downside support, where temporary pauses or minor bounces may occur.
A confirmed break below 1.33127 will open the path for further downside movement.
๐น Demand Zone: 1.31983
This is the key demand area where buyers are expected to step in strongly.
If price reaches 1.31983, a bullish reaction or consolidation is likely, but overall bias remains bearish until resistance levels are broken.
๐ Market Outlook
Below 1.34040 / 1.34601 โ Bearish continuation expected
Break below 1.33127 โ Targeting 1.31983 demand zone
Demand zone reaction will determine the next major move
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BTC / USDT - Bearish Signals at 4H TimeframeBTC / USDT - Bearish Signals at 4H Timeframe
Technical Analysis:
Double Top Break and Retest: price is showing signs of weakness with a break below the double top neckline followed by a retest, suggesting potential bearish pressure.
VWAP Break: The VWAP (Volume Weighted Average Price) has been breached, indicating a shift in market sentiment and potentially favoring the bears.
Bearish Divergence: A bearish divergence is observed, adding to the indications of potential downside movement.
Weakness Confirmation:
If the price fails to hold the critical level at $41,666, it could trigger further downside movement.
Target:
The initial target is set at the 200 moving average (MA), acting as potential support in a bearish scenario.
Risk Management:
Consider implementing risk management strategies, including stop-loss orders, to protect against adverse market movements.


