GBPUSD// Bearish Outlook, Reversal pattern confirmation recieved

📉 GBPUSD Price Forecast & Analysis 📉

GBPUSD has formed a Cup and Handle pattern at the top of the uptrend, which is a reversal signal indicating potential downside movement.

🔹 Technical Breakdown:
✅ The market has broken the support level and the 50EMA, confirming a shift toward a selling trend.
✅ Now, GBPUSD is retracing back to 1.2380, which acts as an order block (a key resistance zone).
✅ If a strong bearish candle forms at this level, it will confirm the continuation of the downtrend.
✅ Volume is increasing on the selling side, strengthening bearish momentum.

🔻 Sell Entry: 1.2380 (After confirmation from a bearish candle)

🎯 Technical Target Levels:
📍 1.2250 – First support level
📍 1.2190 – Second support level

💡 Trading Insight:
This setup presents a high-probability trade as GBPUSD has already shown breakout signals, and a retest of the broken support could provide the perfect short entry.

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Kind regards, Trend Logic