Post #3967

GBP/USD Technical & Fundamental Analysis 📉| Bearish Breakdown Ahead! --- 🔍Technical Analysis (Daily Chart) ✨Key Resistance: 1.35000 (Major psychological level & previous support turned resistance) ✨Bearish Target: 1.33400 (Next liquidity zone & 2024 low) ✨Breakdown Confirmation: Price rejected at 1.35600, forming lower highs (LH) and lower lows (LL) — classic downtrend structure. ✨Momentum: RSI (14) below 50 and MACD histogram in negative territory reinforce bearish bias. ✨Pattern: Descending channel with potential for a measured move to 1.33400. --- 📊Fundamental Drivers 📌UK Weakness: BoE dovish signals amid stagnant GDP and rising unemployment. 📌USD Strength: Fed rate cuts delayed as US inflation remains sticky. 📌Risk Sentiment: Safe-haven USD demand grows due to geopolitical tensions. --- ⛳️Trade Setup (Swing Trade) - Entry Zone: 1.34800-1.35000 (Retest of broken support) - Stop Loss: 1.35600 (Above recent swing high) - Take Profit: 1.33400 (TP1) & 1.33000 (TP2 for aggressive bears) - RR Ratio: 1:3 (High-probability setup). --- 📣Call to Action - Tag a trader who’s shorting GBP! - Like/Follow for more high-impact setups! - *Join my FREE Telegram* for real-time alerts: @SHADOWTRADERFX💎 --- 📆June 3, 2025 | Bears in control—time to capitalize! Drop your thoughts below! (Disclaimer: Trade at your own risk. Not financial advice.)