The GBPUSD pair on H4 timeframe has shown a consolidating pattern around the 1.3195 support level, with recent closes hovering near this level after a prolonged downtrend. The last three candles (1782489600 to 1782504000) formed a bullish engulfing pattern, where the close at 1.31948 coincided with a low volume of 13417, suggesting potential exhaustion of the bearish trend. The price action indicates a shift in momentum, with the recent low at 1.31904 acting as a key support anchor. The consolidation phase near 1.3195 suggests buyers are stepping in, and the formation of higher lows alongside a lack of further downward…

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