Signal GBPUSD Sell — H4 - June 16, 2026 16:38 GMT-4
On the GBPUSD H4 chart the market has been carving a descending channel since the early June peak near 1.348. A series of lower highs at 1.345‑1.343 and lower lows around 1.339‑1.340 illustrate a clear bearish bias. The most recent candle closed below the 1.342‑1.343 resistance zone, confirming a break of the short‑term swing high. Volume spikes align with the down moves, especially the 19,000‑plus contracts on the 1.340‑1.342 break and the 35,000‑plus on the 1.340‑1.338 pull‑back, indicating strong participation from sellers. Conversely, upward moves have been on modest volume, suggesting limited buying conviction. With the price now testing the…