On the H1 chart GBPUSD has been carving a descending channel since early July, with the recent hour‑bars (10:00‑21:00 UTC) consolidating around 1.339 – 1.340. The price opened near the low of the session at 1.33862, found resistance near 1.340, and closed slightly higher at 1.33942, while volume rose from a few hundred to over 7,000, indicating increasing participation on the bounce. The prior swing low around 1.335–1.336, formed with moderate volume, now acts as a strong support level. A higher‑low formation above this zone suggests the downtrend may be losing momentum. Entering a buy near 1.3352 places the trade…

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