Signal GBPUSD Sell — H4 - June 17, 2026 01:26 GMT-4
GBPUSD on the H4 timeframe has been exhibiting a clear downtrend, with consecutive lower closes and declining highs since the 2026-06-03 session. The recent consolidation near 1.34286 suggests a potential reversal setup, as price has failed to break above key resistance levels while volume remains subdued. However, the latest candle shows a sharp decline following a bullish engulfing pattern, indicating weakening momentum and a shift in control to sellers. The pair is currently testing a critical support zone around 1.34225-1.3425, which, if breached, could trigger a deeper retracement toward the 1.33016 target. Volume spikes in the final candles of the…