"GBP/USD Resistance Test with Potential Bearish Reversal Setup"

Based on the chart:

1. **Resistance Zone**: The price has reached a strong resistance level around 1.2400–1.2450. This area could act as a barrier for further upward movement.

2. **Trendline Support**: There’s a clear upward trendline acting as dynamic support, indicating a bullish structure overall.

3. **Bearish Confirmation**: The chart suggests waiting for bearish confirmation before entering a short position. Signs could include a reversal candlestick pattern, a breakdown of a lower timeframe support, or momentum shifting downward.

4. **Potential Move**: If bearish confirmation occurs, a retracement toward the trendline near 1.2200–1.2250 could be expected.

This setup favors patience, as entering without confirmation might expose trades to unnecessary risk if the resistance breaks.