GBPUSD Signals Weakness After Testing Critical Resistance Levels

Market Analysis – September 15

GBPUSD signals weakness after testing critical resistance levels. The pair has shown a slowdown in bullish momentum, with price action consolidating below the $1.35950 resistance level. The Stochastic Oscillator is signaling overbought conditions above the 90 mark, indicating that buying pressure may be exhausted. Similarly, the 9-day simple moving average at $1.35190 is flattening, a typical precursor to directional shifts. Together, these factors point to a weakening structure that may transition into bearish activity in the near term.

GBPUSD Key Levels

Supply Levels: $1.3630, $1.3800, $1.4000
Demand Levels: $1.3330, $1.3050, $1.2710

GBPUSD Long-Term Trend: Bearish

From a technical perspective, the market recently tested the $1.35950 resistance level but failed to sustain a breakout, resulting in a liquidity grab above the buy-side liquidity (BSL). This rejection, along with the earlier order block (OB) near $1.35000 and a previous break of structure (BOS), strengthens the likelihood of continued bearish movement. The rejection at this key level forms a potential lower high, adding weight to the bearish bias. Market participants appear to be using this zone to close long positions, further shifting sentiment toward downside movement.

Looking ahead, the bearish outlook suggests that price may continue its correction toward the $1.33650 support, with a further decline potentially opening the path to $1.33320. If bearish pressure increases, a deeper retracement could retest the $1.30470 level as traders seek stronger demand zones. Overall, unless price reclaims $1.36310 with convincing bullish momentum, GBPUSD is expected to remain under downward pressure in the short to medium term.

GBPUSD Short-Term Trend: Bearish

GBPUSD is currently rejecting the 4H supply zone between $1.35600–$1.36000, signaling persistent bearish pressure. The pair is trading just below the 9-period SMA, confirming weakening momentum.

The Stochastic Oscillator remains overbought, increasing the probability of a downside move. Traders using forex signals may target $1.33650 and $1.33300 as immediate support levels to watch for potential price reactions.

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