On the H4 chart of GBPUSD, the price has been consolidating within a range between 1.335 and 1.345 since mid-June. Recent candles show a series of lower highs and higher lows, indicating weakening bullish momentum. The close at 1.34291 marks a pivotal low, with volume spikes around 1.3425-1.3430 suggesting increased selling pressure. The pair is now testing key support at 1.33556, which has acted as a psychological barrier. If price breaks below this level, it could signal a shift toward a downtrend, targeting the 1.32981 area. The current setup reflects a bearish reversal pattern, with the recent close near the…

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