Gbpusd Analysis is Ready Move will be down

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technical analysis of the GBP/USD (British Pound/US Dollar) currency pair on the 30-minute timeframe using FOREX.com data. Here's a detailed breakdown of the analysis:


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Chart Summary:

Current Price:

Sell: 1.34401

Buy: 1.34406


Timeframe: 30 minutes (M30)

Platform: TradingView with FOREX.com data


Technical Elements:

1. Ascending Channel (Yellow Parallel Lines):

Price was previously moving in an upward trend within this ascending channel.

The breakout to the downside indicates a potential trend reversal or correction.


2. Bearish Scenario (Blue Arrows):

The chart suggests a short (sell) setup.

Price is expected to face resistance around the 1.34513–1.34600 zone (marked by the green line).

A projected downward move is illustrated with blue arrows, targeting 1.33770.

3. Stop Loss:

Positioned at 1.34743 (highlighted in red), above the recent highs — managing risk for the sell position.

4. Support Zones (Blue Boxes):

First support area near 1.34000

Second, stronger support and main target at 1.33770

5. Target Label:

“Target 1.33770” is clearly marked in blue, showing the final expected move of the sell trade.

6. Forecast Path (White Lines):

Indicates potential short-term bullish pullback before continuing the bearish trend.
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Trade Idea:

Sell GBP/USD near current resistance

Stop Loss: 1.34743

Take Profit (Target): 1.33770

Bias: Bearish short-term, following the channel breakout

Disclaimer

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