GBP/USD Intraday Signal: Bearish Toward 1.3450
Analysis:
GBP/USD remains under bearish pressure after multiple downside breaks of structure, with price trading below key resistance levels near 1.3600. The formation of lower highs and continued rejection from supply zones suggests sellers maintain control. As long as price stays beneath 1.3600, further downside toward 1.3450 remains likely.
The nearest demand sits around 1.3450, aligned with prior structure and liquidity. A break below this zone could accelerate losses toward 1.3380. Only a sustained move above 1.3600 would invalidate the bearish scenario and open the door toward 1.3700 and 1.3850.
Trade Setup:
Enter: Short below 1.3600
Stop-Loss (SL): 1.3650
Target A: 1.3450
Target B: 1.3380