4H Market Update 📊
GBPUSD remains bearish, trading around 1.3239 within a descending channel. Price is approaching the upper channel resistance, where another rejection could trigger a move lower.
🔻 Bearish scenario:
- Resistance: 1.3235–1.3260
- Liquidity target: 1.3140
- Major demand zone: 1.3065–1.3115
A rejection from resistance could push price toward the channel lows and the major demand zone. A sustained break above 1.3300 would weaken this bearish outlook.
🗓️ Forex Calendar — This Week Watch for key UK economic releases and U.S. inflation data, which could increase volatility in GBPUSD. Check the release times before trading.
Not financial advice — educational market-structure analysis only.
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