GBPUSD Remains Aligned For Prolonged Bearish Continuation

Market Analysis – December 1

GBPUSD remains aligned for prolonged bearish continuation as structural weakness deepens. The pair maintains a broadly negative tone, with momentum indicators continuing to favour sellers. Price remains below the short-term moving average, reinforcing the prevailing downside narrative despite a modest rebound attempt. Although the RSI has risen slightly from previous lows, it still reflects a market struggling to build sustained buying strength. Altogether, these signals indicate diminishing bullish momentum and a setup supportive of further bearish follow-through.

GBPUSD Key Levels

Supply Levels: $1.3330, $1.3630, $1.3800
Demand Levels: $1.3050, $1.2710, $1.2550

GBPUSD Long-Term Trend: Bearish

The pair has consistently rejected the $1.33320 supply zone, where repeated upper-wick formations reveal firm selling pressure. The recent upward movement following the earlier break of structure appears corrective rather than a genuine shift in direction. Although the $1.31580 support area has offered a temporary base, the broader pattern of lower highs and persistent reactions from bearish order-block regions highlights ongoing downward momentum. The ascending trendline currently holding price is weakening, suggesting a likely liquidity sweep toward untested levels beneath it.

Looking ahead, sellers appear positioned to target the $1.30480 region as the next key draw, given its alignment with prior demand and accumulated liquidity. A decisive break below this area could accelerate bearish pressure toward $1.27140, with a further decline toward $1.25500 if overall sentiment remains negative. Unless buyers reclaim and maintain a close above $1.33320, the broader technical picture continues to support sustained depreciation.

GBPUSD Short-Term Trend: Bearish

GBPUSD on the four-hour chart is displaying renewed bearish momentum as price rolls back beneath the short-term moving average. The inability to hold gains above $1.32480 signals weakening bullish participation and reinforces the dominant downside structure. Current movement suggests sellers may attempt to drive price toward the ascending trendline and the liquidity zone near $1.30480. A confirmed break below this support would strengthen expectations for continued bearish extension into lower valuation zones, aligning with the outlook highlighted by forex signals.

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