Welcome, dear traders! 🎉📢 Today, we’re here with a GBPUSD Trading Signal just for you! 🔥 Let’s delve into the analysis without further delay. 📊🚀

📉 GBPUSD – Bears in Control | Forex Trading Signal by Guriforex

The British Pound (GBPUSD) is struggling as sellers maintain dominance in the market. The pair continues its downward trajectory, forming lower highs and lower lows, reinforcing the bearish momentum. With the U.S. dollar (USD) maintaining strength, Market is facing increasing selling pressure

🌎 Fundamental & Technical Overview

🔹 Strong USD Influence: The Federal Reserve’s hawkish stance, coupled with risk-off sentiment, has strengthened the U.S. dollar. This has kept GBPUSD in a downtrend, as investors favor the safer USD.

🔹 Technical Breakdown: Market remains below a descending trendline, showing that bears are firmly in control. The price recently attempted to break above, but sellers stepped in quickly, pushing it back down.

🔹 Key Support & Resistance Levels: The 1.2910 support is critical. A confirmed breakdown below this level could open doors for further downside movement. Conversely, any bounce from here might result in a short-term correction before another drop.

📊 GBPUSD Trade Setup – Key Levels to Watch

🔽 GBPUSD Bearish Scenario (Breakout Confirmation)

✅ Entry: Sell below 1.2910 (After confirmation)
🎯 Target 1 (TP1): 1.2874 (Immediate support level)
🎯 Target 2 (TP2): 1.2822 (Major support zone)
⛔ Stop Loss (SL): 1.2950 (Above the descending trendline)

🔔 Price Action Strategy: Wait for a clean breakdown below 1.2910, followed by a retest, before entering a short position.

⚠️ GBPUSD Market Watch & Risk Management

📌 Key Risk Events: Watch out for upcoming U.S. economic data, Federal Reserve statements, and global risk sentiment, as they could influence Market volatility.

📢 What’s Your GBPUSD Prediction?
Smash 👍 if you agree! Drop your price target in the comments! 🚀🔥