GBP/USD Intraday Signal: Bearish Below 1.3580
Analysis
GBP/USD has tapped into a premium supply zone around 1.3580–1.3600, where a clear weak high has formed. The sharp rejection from this level followed by a bearish CHoCH confirms a shift in short-term order flow from bullish to bearish.
Price is currently trading below this supply and showing lower highs and weak bullish retracements, indicating that buying pressure is fading. The recent upside move failed to break structure, reinforcing the idea of distribution rather than continuation.
As long as price remains below 1.3580, the market is likely to continue lower toward the 1.3450–1.3400 demand zone, where liquidity and previous accumulation sit.
Trade Setup
Enter: Sell below 1.3520–1.3550
Stop-Loss (SL): 1.3600
Target A: 1.3450
Target B: 1.3380