On the M5 chart of GBP/USD the last 30 bars have been carving a clear bearish channel. The candles from 1.3215 down to the current 1.3197 have produced a series of lower highs and lower lows, confirming a down‑trend. Volume spikes around the 1.3215 rally were modest, while the subsequent pull‑back to 1.319 showed stronger participation, indicating that sellers are in control. The 1.3203 level acted as a short‑term resistance, rejecting price three times within the window. With the next major support clustered around 1.3155‑1.315, a sell entry near 1.319 aligns with the prevailing momentum. The stop just above the…

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