Price Action Analysis of GBP/USD

Current Trend: The overall trend is a downtrend, as indicated by the descending trendline visible on the chart.

The white arrow on the chart shows a potential rebound path. If the price can break above the trendline and hold, a rebound rally may occur. The price needs to break and hold above the descending trendline, which is a key confirmation signal. If the breakout is successful and the pullback does not fall below the trendline, further upward movement is likely.