Fundamental Analysis
GBPUSD remains under pressure as traders continue to watch USD momentum, U.K. data, and broader market risk sentiment.
For now, the technical structure still favours sellers while price trades below the main EMA range. Any recovery should be treated as a corrective pullback unless GBPUSD can reclaim the key resistance zone with strong confirmation.
Technical Analysis
On the 1H chart, GBPUSD is still trading below EMA 34, EMA 89, and EMA 200. This confirms that the short-term trend remains bearish, with the EMA structure acting as dynamic resistance above price.
Price is currently around 1.3178 after a short recovery from the lower area. However, this recovery is moving toward a key sell zone around 1.3206 - 1.3210.
This zone is important because it aligns with Fibonacci retracement, the descending trendline, previous structure, and the EMA bearish pressure. If price reaches this area and rejects, sellers may continue to control the next move.
The downside target is placed around the Fibonacci confluence zone near 1.3062 - 1.3058. This is the main bearish target shown on the chart if the sell continuation setup develops.
Important Key Levels
Current price area: 1.3178
Main sell zone: 1.3206 - 1.3210
Fibonacci + trendline confluence: 1.3206 - 1.3210
EMA resistance area: 1.3206 - 1.3260
Short-term resistance: 1.3260 - 1.3267
Near support: 1.3160 - 1.3170
Main Fibonacci target zone: 1.3062 - 1.3058
Invalidation area: above 1.3267
Trading Scenario
Main Sell Scenario
Entry: 1.3206 - 1.3210
Stop Loss: 1.3267
Take Profit 1: 1.3160
Take Profit 2: 1.3120
Take Profit 3: 1.3062 - 1.3058
Sell Condition
The preferred setup is to wait for GBPUSD to pull back into the 1.3206 - 1.3210 sell zone. This area combines Fibonacci retracement, trendline resistance, and EMA bearish pressure.
A sell setup becomes more valid if price forms bearish rejection from this zone, such as a long upper wick, bearish engulfing candle, failed breakout, or lower high below the EMA structure.
If price rejects from the sell zone and breaks below 1.3160, the bearish continuation view becomes stronger. The next downside focus would be 1.3120, followed by the Fibonacci confluence target around 1.3062 - 1.3058.
Entry Conditions
Wait for price to retest 1.3206 - 1.3210.
Look for bearish rejection before entering sell.
A break below 1.3160 confirms stronger downside pressure.
If price breaks and holds above 1.3267, the sell setup is invalid.
Overall, the main view remains bearish while GBPUSD trades below EMA 34, EMA 89, EMA 200, and the descending trendline. The preferred plan is to wait for a pullback into the Fibonacci and trendline confluence zone, then look for sell confirmation toward 1.3160, 1.3120, and 1.3062 - 1.3058.
Do you share the same bearish view on GBPUSD, or are you waiting for a cleaner rejection from the Fibonacci confluence zone?
Trade active
Active sell 
📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.