Analysis & Description:
The GBP/USD pair has broken out of an **ascending trendline**, signaling a potential **trend reversal** to the downside. The price is currently trading near the **1.25986 support level**, with bearish pressure increasing.
#### **Key Observations:**
🔻 **Trendline Break:** The price failed to sustain the bullish trend, leading to a downside correction.
🔻 **Lower High Formation:** Price action suggests a potential continuation of the **bearish structure**.
🔻 **Bearish Targets:** The next support levels to watch are **1.25012** and **1.24020**, which align with past price action.
### **Trading Plan:**
📉 **Bearish Scenario:**
- If the price **fails to reclaim 1.25986**, expect further downside toward **1.25012** and **1.24020**.
- A potential **pullback to retest resistance** before further decline is possible.
⚠️ **Bullish Risk:**
- If the price **reclaims 1.26510**, it could invalidate the bearish setup and resume the previous uptrend.
### **Final Thought:**
GBP/USD is at a **critical breakdown level**, and traders should watch for a potential **pullback or continuation** before entering trades. Stay cautious and manage risk wisely! 🚨📊
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