The automatic transaxle does have a governor in it.
The purpose of the governor is to control the up shift point.
Basic operation of the governor is that when it spins to a certain RPM, it opens a valve to allow the next gear to be shifted.
It is possible that this is your problem.
I would check to make sure you have the TV cable adjusted properly first.
The governor can also collect dirt causing the valve to stick.
In a last ditch effort before you pull it apart, you can put the car in drive, hold the brake pedal firmly and mash the throttle to the floor a couple of times.
This is not recommended as it is easy to burn the clutch disc's that way, but sometimes it is enough to build enough line pressure to dislodge dirt from the governor.
Do this at your own risk.
If the valve body was assembled correctly, or has dirt in it, then that can cause a non-shift issue too.
When assembling a automatic, cleaness is very important.
If you had some else rebuild it, I'd say it's their problem, but by your post I think you have rebuilt it yourself.
Hope this helps / makes sense.
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1988GT T-Tops, 5spd, Loaded