GBPUSD Price Action Analysis – Bearish Breakdown and Rebound

This 30-minute chart of the GBP/USD pair illustrates a recent bearish breakout from a descending channel following a failed triangle continuation pattern. Price rejected multiple resistance zones (highlighted by circles) and broke below key support around 1.35200. After hitting a low near 1.34200, a sharp recovery followed, now testing a minor resistance level around 1.34650. If price holds above this zone, a short-term bullish move toward the 1.35000–1.35200 resistance area is likely. This setup indicates a potential bullish correction before further directional clarity.