Signal GBPUSD Sell — H4 - June 16, 2026 08:51 GMT-4
GBPUSD on H4 timeframe shows a clear downtrend with consecutive lower closes and declining highs, indicating weakening bullish momentum. The last three candles closed below the 1.34207 level, with volume spikes at 1.34207 (8387) and 1.3424 (13389) suggesting increased selling pressure. Key resistance at 1.34608 has been breached multiple times, now acting as a psychological ceiling, while the recent low at 1.33991 (1.34059) forms a critical support zone. The price action suggests a potential reversal near the 1.34143 entry level, where the close aligns with the recent consolidation range's lower boundary. Volume remains elevated around this area, confirming the strength…