GBPUSD on H1 has been consolidating within a narrow range between 1.319 and 1.322 since June 24th, with recent closes approaching the lower end of this consolidation. The prior high at 1.32231 (SL level) acted as resistance, preventing further upward momentum despite higher volume spikes. The current close at 1.31948 suggests a potential bearish breakout, as price is now below the key psychological resistance and the recent low has failed to hold. The volume on the entry candle (1.31948 close) is moderate, aligning with a weakening bullish bias as buyers retreat. The structure indicates a strong reversal setup, with the…

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