On the H1 chart of GBP/USD the recent price action shows a classic top‑formation. After a brief rally to a high of 1.3443, the market failed to sustain momentum, closing the last three candles below that peak (1.34371, 1.3429, 1.3424). The series of lower lows from 1.34075 to 1.34064, combined with a shrinking range, signals weakening bullish pressure. Volume surged on the pull‑back, with the last two bars trading above 5,900 contracts, confirming that sellers are stepping in with conviction. Given the proximity of the current price to the 1.3429‑1.3430 resistance cluster and the inability to break the 1.3440‑1.3450 ceiling,…

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