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GBPUSD – Bearish Channel Breakout Ready for the Next Bullish Leg

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GBPUSD is showing signs of completing its accumulation phase after a strong decline. The current structure highlights a descending channel losing momentum, with a potential breakout setting up a bullish reversal.

📊 MMFLOW Technical Outlook

Liquidity was swept at the 1.34169 BUY ZONE, followed by a strong rebound – signaling absorption from smart money.

The 1.34641 level is the Key Breakout Zone. A confirmed close above this zone will unlock the bullish path.

Upside targets: 1.34979 – 1.35407 – 1.35779.

💡 MMFLOW Trading Plan

Primary bias: Buy the dips near strong supports.

Wait for a confirmed breakout above 1.34641 to join the trend.

Short-term scalps possible, but main strategy remains trend-following longs.

📌 Key Levels to Watch:

Supports: 1.34169 – 1.34641

Resistances: 1.34979 – 1.35407 – 1.35779

🚨 Risk Note:
A deep drop below 1.34169 invalidates the bullish setup. Always manage SL carefully.

✨ MMFLOW Reminder:
👉 KeyLevels = Profits
👉 Buy only with confirmed direction.

Disclaimer

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