On the M5 timeframe for GBPUSD, the recent price action shows a consolidation phase between 1.341 and 1.342 levels, with mixed volume indicating indecision. The latest candles reveal a bullish breakout above 1.34221 (high of 1.34221) on June 12th, followed by a sharp retracement to 1.34135, suggesting a potential reversal. The pair has been in a sideways trend since mid-June, with key resistance at 1.34221 and support near 1.34135. The current setup indicates a high probability of a bearish continuation, as the price failed to sustain the recent high and retested lower levels with increased volume. This confirms the sell…

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