On the M5 timeframe for GBPUSD, the recent price action reveals a clear downtrend marked by consecutive lower closes and declining momentum. The pair has been consolidating near the 1.31934 level, which aligns with a key support zone formed by multiple low points over the last 24 hours. The preceding candles show a breakdown below critical resistance levels, including the 1.32156 high, with volume consistently above average during the decline, indicating strong selling pressure. The current setup suggests a potential continuation of the bearish bias, as the price remains below the 1.32026 area, a pivotal resistance-turned-oversold level. The recent consolidation…

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