On the H4 chart of GBP/USD, the market has been carving a descending channel since early June. The last eight candles have produced lower highs and lower lows, with the most recent bar closing near the 1.339‑1.340 zone after a modest bearish candle. Volume during the downward legs, especially the 1.34044‑1.34218 candle, spiked to over 35k, confirming the strength of the sell pressure. The 1.342‑1.344 range now acts as a clear resistance, and a break below the 1.340 low would likely trigger a move toward the 1.329 target. The stop above 1.347 protects against a potential short‑term bounce, but the…

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