GBP/USD – Rejection at Key Resistance Zone Signals

GBP/USD – Rejection at Key Resistance Zone Signals Potential Bearish Reversal
The GBP/USD pair on the H1 timeframe shows clear rejection from the resistance area around 1.3140 – 1.3160, suggesting that bullish momentum may be weakening. After testing this supply zone multiple times without a breakout, the market is now showing signs of a potential short-term bearish correction.

Technical Analysis:
The price has failed to sustain above the neckline of a previous “Cup” structure, confirming resistance strength.
A series of lower highs has formed, indicating a possible shift in short-term market sentiment.
The break below 1.3130 opens the door for a move toward the 1.3080 – 1.3050 support zone.

Trading Plan:
Traders can look for sell opportunities on pullbacks toward the 1.3130 – 1.3140 area for better risk-to-reward setups.
Entry: 1.3135Stop loss: 1.3165
Take profit: 1.3080 – 1.3050

If bearish momentum continues to build, GBP/USD could extend further downside before any possible rebound.
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