Although it might seem like a sell to the naked eye, But I assure you this is bullish, the volume is down and Big Banks are trying to get the best deal. So they discounted the price till where they see fit.
Although the higher timeframe bias is short.
I still go for long,, for the shorter time frame bias.
If USDollar is bullish, then GBPUSD will trend down
and if the USDollar is bearish, then GBPUSD will continue its main trend (up trend)
this analysis is for the confluence of my first analysis
Follow the trend until the end where it bends.
Although the Price respect the H4 Resistance level, but it also respected the previous support level and has not made a LL.
So overall Uptrend.