The GBPUSD on H1 has been consolidating in a narrow range between 1.315 and 1.322 since June 24th, with recent closes hovering near 1.3205. The pair has tested key resistance at 1.3225 multiple times, failing to sustain momentum above this level despite moderate volume spikes. A breakdown below 1.3225 would confirm a shift toward a downtrend, with the recent low at 1.31948 acting as a potential entry point for short positions. Volume trends show increased activity during corrective dips, suggesting stronger bearish conviction as price approaches the upper range boundary. The current structure reflects a classic ranging pattern with bearish…

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