GBPUSD – Bearish Set-up Maintains Its Grip

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GBPUSD – Bearish Set-up Maintains Its Grip

The bearish scenario for GBPUSD remains valid, aligning with our previous analysis. Despite expectations of a softer U.S. dollar, ongoing geopolitical tensions—particularly the escalating war—have sustained dollar strength. This resilience in the dollar undermines any near-term bullish recovery for GBPUSD.

Resistance zone 1.35500 / 1.36000
Support Levels 1.33500 / 1.32500

Technically, the pair continues to trade under key resistance zones, with lower highs confirming bearish momentum. Unless we see a decisive shift in the geopolitical narrative or major macroeconomic data supporting GBP recovery, the bearish bias remains intact.

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