GBPUSD on M15 timeframe shows a clear bearish structure with price consolidating near key resistance at 1.34199 before breaking below to form a lower high at 1.3417. The recent close at 1.3417 coincides with a significant volume spike (715), confirming the shift in momentum. This breakout suggests exhaustion of bullish pressure, with price retesting a critical support level around 1.34008. The prior consolidation phase (1.34199) acted as a psychological barrier, and the subsequent decline indicates a potential continuation of the downtrend. With the pair currently trading near the lower end of its recent range and volume aligning with the bearish…

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