GBPUSD on H1 exhibits a consolidation phase following a bullish rally, with recent closes hovering around 1.3192-1.3196. The price has been forming higher lows and higher highs, suggesting a potential bullish trend, but the latest candles show a lack of strong bullish momentum, indicated by diminishing volume and mixed closes. The entry level at 1.31964 aligns with a key resistance area, where price has struggled to sustain higher prices, hinting at a potential reversal. The stop loss at 1.32246 is placed above the recent high, which acts as a critical resistance level, ensuring protection if the bullish bias persists. The…

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