GBP/USD is currently respecting a well-defined vertical channel, having completed its Wave 4 correction and rejecting a strong resistance level. The pair has initiated a bearish move, suggesting the potential for an impulsive Wave 5 decline. With sellers stepping in at the channel resistance, momentum favors a continuation toward the ascending support. A clean break and close below minor intraday levels could accelerate the move, while confluence from key indicators like RSI divergence or MACD crossover would further validate the downside bias. As long as the structure holds, the bearish outlook remains intact, with price action dictating the next key move.