GBPUSD Sustains Downward Momentum Within Structural Supply Framework

Market Analysis – October 20

GBPUSD sustains downward momentum within the structural supply framework. The pair continues to display strong bearish tendencies as technical indicators confirm weakening buyer sentiment. Price remains suppressed below the 9-day Simple Moving Average (SMA), signaling persistent downward pressure. The MACD histogram hovers near the neutral line with little bullish divergence, implying that the latest upward movement is corrective rather than a true trend reversal. Both market structure and momentum confirm that sellers maintain dominance over short-term direction.

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 standpoint, price action continues to respect the descending trendline while reacting consistently from successive order blocks within the $1.36450–$1.36320 region. Repeated rejections below this supply area underscore strong institutional selling pressure. The recent break of structure (BOS) around $1.33320 further confirms bearish continuation. Each retracement toward the dynamic resistance has been countered by renewed selling interest, maintaining the sequence of lower highs characteristic of a sustained downtrend.

Looking ahead, if the pair fails to reclaim and stabilize above $1.34320, a further decline toward the $1.30480 support zone is likely. A decisive daily close below $1.33320 would reinforce the bearish scenario, potentially pushing GBPUSD toward the $1.27140 area in the medium term. As long as sellers remain active below the descending trendline, the prevailing bias stays bearish, with traders monitoring forex signals for potential short-entry confirmations within this structure.

GBPUSD Short-Term Trend: Bearish

GBPUSD maintains a bearish configuration on the four-hour chart, with price struggling to break above the descending trendline and the order block near $1.34700. The recent rejection from this level reflects strong selling interest in line with the prevailing downtrend.

The MACD remains weak near the zero line, signaling limited bullish momentum. Price is likely to extend its retracement toward the $1.33300 or $1.32900 support zones before any potential short-term recovery attempt.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.