#gbpusd GBPUSD on the daily timeframe has broken a long-term ascending trendline and confirmed a classic head and shoulders pattern indicating a major shift in market structure from bullish to bearish the price has completed the neckline break and is now in a retest phase around the 1.34000 resistance zone previously a strong support this level aligns with both the neckline and broken trendline suggesting a high-probability area for bearish continuation rejection from this zone could trigger a fresh impulsive move to the downside with potential targets toward the Support region and lower if bearish momentum sustains.