Signal GBPUSD Sell — H4 - June 16, 2026 03:19 GMT-4
On the H4 chart of GBPUSD the market has been carving a descending channel since early June. Each successive candle posted lower highs, with the most recent highs falling from 1.345 to 1.340, while lows slipped from 1.342 to 1.339. The closing price now sits near the broken 1.341 level, confirming a bearish break of short‑term resistance. Volume has been progressively shrinking, dropping from over 20k to under 6k in the last few bars, indicating diminishing buying interest and a lack of conviction behind upward moves. This volume contraction aligns with the price weakening and supports a continuation of the…