** GBP/USD – 30-Minute Chart**
The GBP/USD pair is currently facing a strong **resistance zone** near the 1.34268 – 1.34345 levels, as marked on the chart. The price has recently rallied but is now showing signs of hesitation below this resistance point.
**Key Observations:**
- The pair is approaching a **resistance level**, suggesting a potential reversal or pullback.
- A **bearish move** is anticipated from this resistance, with a target towards the **1.33460 support** and potentially extending to the **1.32632 – 1.32581 zone**.
- The red arrow indicates the expected downward momentum if the price fails to break above the resistance.
**Trading Strategy:**
- **Sell Zone:** Near 1.34200–1.34345
- **First Target:** 1.33460 (green line)
- **Second Target:** 1.32632
- **Stop Loss:** Above 1.34450 (to stay protected in case of a breakout)
**Note:** Watch for bearish confirmation signals like rejection candles or divergence before entering the trade.
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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.