The pair traded within a range after rebounding from the recent local low, with buyers trying to stabilize the market above the prior intraday base. The short-term tone improves while the pair remains above the pivot level.

Current price: 1.32606

Pivot: 1.32520

Nearest support levels: S1: 1.32380, S2: 1.32150, S3: 1.31900

Nearest resistance levels: R1: 1.32795, R2: 1.33020, R3: 1.33375

Note:
Above Pivot: If the price stays above 1.32520, recovery may extend toward 1.32795 and 1.33020, with 1.33375 as the next upside objective.
Below Pivot: If the pair falls back below 1.32520, bearish pressure may return toward 1.32380 and 1.32150, with 1.31900 as the next downside target.

GBP, USD