On the H4 chart of GBPUSD the market has been trading in a tight range between 1.339 and 1.346 since the high of 1.34608 on 14 June. The most recent candles show a series of lower highs and a descending low, with the 1781582400 bar dropping to a 1.33909 trough and closing at 1.3397 on low volume, suggesting waning buying interest. Subsequent recovery to 1.3424 was met with modest volume, while the latest candle closed near 1.3416, reinforcing a bearish bias. The price is now testing the upper edge of the range near 1.342‑1.343, a classic resistance zone that previously…

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