On the M5 timeframe for GBPUSD, the recent price action reveals a bearish setup following a consolidation phase. The last three candles show a series of closes near the 1.31966 level, with higher volume indicating strong selling pressure. A key resistance level at 1.32148 has been tested multiple times, but price failed to sustain above it, leading to a downtrend. The current close near 1.31966 aligns with a breakdown below the prior support-turned-resistance zone, suggesting a potential reversal. Volume on the entry candle (1.31966) is elevated, confirming the strength of the bearish move. The pair has been range-bound between 1.31683…

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