GBP/USD Bears Target Range Bottom as Selling Pressure Mounts

GBP/USD is experiencing sustained bearish pressure as sellers target the lower boundary of the recent trading range. Technical analysis indicates the pair has been unable to maintain gains above key resistance levels, with momentum indicators suggesting further downside potential. The bearish sentiment reflects both dollar strength from rising Treasury yields and concerns about UK economic fundamentals. Current price action shows the pair testing support levels that have held over recent sessions, with a break below potentially accelerating losses. Volume analysis confirms increased selling interest at higher levels, preventing any sustainable recovery attempts. Key support lies at the range bottom near recent lows, while resistance has formed at failed breakout levels. Traders are positioning for a potential range breakdown, which could trigger stop losses and extend the decline. Near-term outlook remains bearish unless the pair can reclaim broken support levels.