GBPUSD on the H1 chart is presently in a subtle bearish phase after a brief rally that pushed the pair close to its upper range. The recent candle activity indicates that the price is hovering near the upper side of a tight trading band between roughly 1.33 and 1.34, with the most recent highs and lows staying within that corridor. The fact that the close is consistently below the previous high and that the highs are not breaking past the recent peak suggests a weakening bullish momentum. Volume data during this period is comparatively muted, which is a classic sign…

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