On the H1 chart of GBPUSD the market has been carving a descending channel since early July, with the high sliding from ~1.342 to the low‑mid 1.336 region. The last eight candles reveal a tightening range around 1.335‑1.337, where the price has repeatedly bounced off a nascent support level. Volume, which spiked above 9,000 on the 1.33786‑1.33802 candle, then tapered while the price held, suggests diminishing selling pressure and a possible shift toward accumulation. A bullish reversal is further hinted by the recent higher low at 1.336 after the 1.33583 trough, indicating that buyers are stepping in near the 1.335…

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