GBP/USD | 1H Market Structure Analysis | Resistance Rejection
Great British Pound vs. US Dollar FX:GBPUSD
GBP/USD is currently trading below a major resistance zone after a strong bullish impulse from support. The Change of Character (CHoCH) confirmed a shift in market structure, but price failed to sustain above resistance and showed clear rejection. As long as the resistance level remains intact, the bearish scenario remains valid, with a potential move toward the marked target zone.