GBP/USD Under Bearish Pressure – Key Levels to WatchThe GBP/USD pair is currently facing sustained bearish pressure as market sentiment shifts in favor of the US dollar. After a period of consolidation, sellers have regained control, pushing the pair lower and challenging recent support zones.
This move reflects broader macroeconomic dynamics, including renewed demand for safe-haven assets and cautious risk sentiment across global markets. The pound’s weakness is further amplified by concerns over the UK’s economic outlook, including sluggish growth prospects and fiscal uncertainty.
From a price action perspective, the pair has broken below a key structural level, confirming bearish momentum. The recent lower highs and lower lows suggest that sellers are firmly in control, and any short-term retracements may be viewed as opportunities to rejoin the downtrend.
What to Watch:
Price reaction near recent swing lows for potential continuation
Any signs of exhaustion from buyers on intraday pullbacks
Volatility around upcoming economic releases that could fuel further downside
Traders should remain cautious and manage risk appropriately, especially with increased volatility during major sessions. The bearish narrative remains intact unless the pair reclaims significant resistance levels with strong conviction.
