GBP/USD has broken below a rising wedge structure after rejecting a major resistance zone near 1.34375–1.34515, indicating weakening bullish momentum. Price is attempting a minor pullback toward the broken trendline, but sellers remain in control while trading below resistance. If the rejection continues, the pair could extend lower toward the next key support levels, keeping the short-term outlook bearish unless buyers reclaim the resistance zone.
GBPUSD
(SELL)
🔴 1st Support : 1.33389
🔴 2nd Support : 1.33070
🟢 Resistance Zone : 1.34375 – 1.34515
📅 High Impact Events :
13 Jul 2026 – BoE Chief Economist Huw Pill Speech
14 Jul 2026 – US Core CPI (June)
15 Jul 2026 – US Producer Price Index (PPI)
⚠️ Disclaimer : This analysis is for educational purposes only.
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