On the H1 chart of GBP/USD the market has been oscillating between 1.322 and 1.327 after a sharp rally that peaked at 1.3273, supported by a volume surge of over 6,000 contracts. Since that high, price retreated to a well‑defined support zone around 1.319‑1.320, where recent candles closed near the entry level. The pull‑back is confirmed by diminishing volume, indicating waning selling pressure. The 1.319‑1.320 zone aligns with the last swing low, creating a bullish “higher low” pattern that suggests the downtrend has been exhausted. A break above the 1.322‑1.324 resistance band would likely resume the prior up‑trend toward the…

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