GBP/USD – 1H – SELL

The 1H GBP/USD chart has triggered a dense cluster of bearish signals, including a Trendline Retreat Down, BOP Zero Cross Down, MACD Signal Cross Down, and multiple retreat signals from DEMA, MAMA PRICE, MIDPOINT, and MIDPRICE. The presence of a Dragonfly Doji alongside these signals suggests a short-term rejection of higher prices, with the price likely pulling back from resistance. However, the broader trend across higher timeframes remains bullish, with the 4H and 8H charts showing solid trends (3/5 strength). This creates a conflict: the bearish signals are firing against the prevailing bullish momentum, which may limit the downside or turn the move into a shallow correction.

Key levels to watch are resistance at 1.35084 and support at 1.34338. A break below support would confirm a deeper pullback, while a reclaim of resistance could invalidate the bearish setup. The high probability (86%) and very strong signal strength suggest that the immediate bearish momentum is significant, but traders should be cautious of the bullish higher-timeframe trend, which could absorb the selling pressure. The 15-minute chart is already bearish and choppy, indicating early signs of a shift, but the 30-minute and 1-hour charts are still bullish, so the pullback may be limited.