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GBPUSD | Ascending channel breakdown retest? before 1.28700

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GBPUSD Price Update – Bearish Momentum Alert

The ascending channel has officially brokendown after a consolidation phase signaling a strong bearish bias Sellers are gaining control and there’s potential for a deeper move to the downside

Key Resistance: 1.28200 | 1.28700
Key Support: 1.27000 | 1.25700


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GBP/USD 1H Outlook:
Price is approaching a key resistance zone around 1.2820–1.2870
Two possible outcomes:

A break and retest above resistance may indicate further upside.

Rejection from this zone could lead to a move toward 1.2710 or 1.2570
Monitoring price action for clearer direction

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