On the H4 chart for GBPUSD, the recent price action reveals a consolidating range between 1.3361 and 1.3450, with the last candle closing at 1.3361, a critical support level. The prior candles show a series of lower highs and higher lows, indicating a sideways trend with weak bullish momentum. However, the final candle formed a bearish engulfing pattern, where the close was significantly lower than the open, suggesting a shift in sentiment. High volume on this candle (29,000) confirms the strength of the bearish move, signaling potential exhaustion of the bullish phase. The price has been testing support repeatedly, and…

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