Signal GBPUSD Sell — M5 - July 16, 2026 12:20 GMT-4
On the GBPUSD M5 chart the market has been carving lower highs and lower lows since the early July session. The last three candles fell from a peak near 1.3535 to a low of 1.35005, with the 1.3533‑1.35285 range supported by solid volume (435‑540 contracts), confirming bearish pressure. A subsequent candle at 1.35005 showed renewed activity (204 volume) while the price retreated toward the 1.348‑1.347 zone, a clear intraday support line that has been tested twice. Momentum indicators align with a downtrend, and the price action suggests a break below the 1.348 level could trigger further downside toward 1.345. The…