On the H1 chart GBP/USD has transitioned from a short‑term rally that peaked near 1.3273 to a clear down‑trend, with each successive high falling below the prior peak. The candle at 1.32649 (high volume 9,731) marked the last aggressive buying surge, after which price retreated into a descending channel, confirming bearish momentum. Recent bars show lower highs around 1.3249 and lower lows near 1.3186, while volume has tapered, indicating weakening buying pressure. The market is now testing the 1.3200 resistance‑turnaround zone; a break below this level would likely trigger a move toward the 1.311‑1.312 support cluster, consistent with the sell…

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