GBPUSD is currently testing a key demand zone around 1.3190 – 1.3200 after completing a sustained move lower within the descending channel shown on the chart.
The recent reaction from the bearish channel support suggests selling pressure may be weakening as buyers begin to defend the highlighted entry area. Price is attempting to reclaim support, and a successful hold above the blue demand zone could open the door for a move toward the next resistance levels.
The setup is based on the expectation of a channel breakdown reversal and continuation toward nearby supply zones.
📍 Entry Zone: 1.3190 – 1.3200
🎯 Target 1: 1.3222
🎯 Target 2: 1.3250
🎯 Target 3: 1.3272
⚠️ A sustained move below 1.3180 would weaken the bullish outlook and invalidate the current setup.
This publication reflects a technical market view based on price action, support/resistance, and trend structure. Risk management remains essential.
Note: Educational purpose only.