GBPUSD - Right Into Resistance… Again!GBPUSD is now trading at a very important intersection.
Price is pressing right into the upper red trendline, while also sitting inside the green resistance zone. This is not a random area... it’s a level that has already rejected price multiple times in the past.
From a bigger-picture perspective, the structure remains overall bearish, with price still respecting the descending channel. The recent push higher looks more like a corrective move rather than a true trend reversal.
As long as this trendline + resistance intersection holds, my focus stays clear:
I’ll be looking for trend-following shorts, preferably after lower-timeframe confirmation and signs of bearish control.
Only a strong and clean break above this zone would force a reassessment. Until then, sellers still have the edge.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
