Lingrid | GBPUSD Shorting Opportunity from Resistance Level

has reacted precisely from the 1.3560 resistance zone, where price failed to hold above prior highs and immediately showed rejection. The structure continues to print lower highs, keeping the bias bearish while the market trades below the descending trendline. Recent upside moves appear corrective, suggesting sellers remain in control.

As long as price stays capped below 1.3466, downside pressure is likely to persist. A continuation lower could drive price toward the 1.3380 support area, where the lower channel boundary and demand zone align. Any bounce into resistance is viewed as a potential selling opportunity unless bulls reclaim and hold above the descending trendline.

➡️ Primary scenario: rejection below 1.3466 → continuation toward 1.3380.
⚠️ Risk scenario: sustained break above would weaken the bearish structure.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

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Lingrid

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Lingrid

🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j

Również na: