Signal GBPUSD Sell — H1 - June 16, 2026 17:23 GMT-4
On the H1 chart GBP/USD has been trading in a tight range around 1.3420‑1.3440 since the mid‑week rally peaked at 1.3454. The early session showed strong bullish volume (up to 9,900 contracts), but the last 24 hours have seen a steady decline in volume to below 3,500, indicating waning buying pressure. Each successive high has been lower, while lows have held near 1.3410, forming a descending channel and a bearish divergence. The price is now testing the upper edge of that channel, and a break below the recent swing low at 1.3420 would confirm the shift to a downtrend. Given…