$GBP/USD BEARISH BREAKDOWN AHEAD — MAJOR SUPPORT ZONE UNDER THREAT!
The British Pound is showing weakness against the U.S. Dollar, currently hovering near 1.34505, unable to reclaim resistance at 1.35000. Sellers are stepping in around key levels, and price is leaning into the 1.32232 Fibonacci zone. If broken, this could accelerate the fall toward the psychological support at 1.30000.
🔻 Trade Setup (SHORT):
Entry: 1.34400 – 1.34800
Take Profit 1: 1.32000
Take Profit 2: 1.30000
Stop Loss: 1.35500
Market Outlook:
The rejection at 1.35000 combined with bearish structure points to a likely continuation of the downtrend. A daily close below 1.34000 will confirm weakness and fuel further downside.
Risk Management Tip:
Avoid revenge trades — stay consistent with your SL and TP to protect capital during uncertain market shifts.
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