GBPUSD Sustains a Firm Bearish Momentum Below Key Levels

Market Analysis – October 27

GBPUSD sustains a firm bearish momentum below key levels as downward pressure continues to dominate market sentiment, keeping the pair in a persistent decline.

The weak bullish momentum is reflected in the 9-day Simple Moving Average, currently hovering around $1.33710, which continues to restrict recent recovery attempts in the market. Meanwhile, the MACD histogram highlights the sustained bearish dominance through its continued negative alignment with the signal line. This broader technical setup indicates that sellers remain in control, while buyers have yet to display any convincing reversal patterns that could shift the momentum anytime soon.

GBPUSD Key Levels

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

GBPUSD Long-Term Trend: Bearish

Since peaking around the $1.36450–$1.38000 supply zone, the pair has maintained a consistent formation of lower highs and lower lows, reinforcing the dominance of the bears. A falling trendline continues to support this bearish control. Following multiple rejections from order blocks between $1.33600 and $1.33800, a break of structure (BOS) recently occurred near $1.33200, confirming ongoing selling activity. The daily candles’ consistent positioning below the descending resistance line further validates the prevailing weakness in the market.

As the market consolidates below short-term resistance, the current price action, around $1.33190, suggests a likely continuation of the downtrend. Projections indicate that the bearish move may extend toward the next liquidity zones near $1.30470, serving as immediate support. A breach of this level could open the path for deeper declines toward $1.27140 if macroeconomic conditions align with technical expectations. Unless a bullish break above $1.33700 occurs, the market structure continues to favor further depreciation of the British Pound against the U.S. Dollar, sustaining a short- to medium-term bearish outlook. Traders analyzing forex signals should note this trend continuation setup.

GBPUSD Short-Term Trend: Bearish

GBPUSD remains under pressure on the four-hour chart, continuing to trade below the descending trendline, which confirms sustained bearish dominance. The pair struggles to hold above the $1.33200 level, facing repeated rejections around the short-term supply zone near $1.33300. The MACD remains relatively flat, indicating weak market momentum and limited buying pressure. Unless the price breaks decisively above $1.33600, the most likely scenario points toward a continued decline toward the $1.30470 support area.

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