The pair traded within a range after an earlier recovery lost momentum, with a sharp late pullback returning the market toward the middle of the recent range. The short-term tone is neutral to slightly bearish while the price stays below the pivot area.

Current price: 1.32450

Pivot: 1.32520

Nearest support levels: S1: 1.32300, S2: 1.32080, S3: 1.31860

Nearest resistance levels: R1: 1.32680, R2: 1.32930, R3: 1.33150

Note:
Above Pivot: If the price returns above 1.32520, recovery may extend toward 1.32680 and 1.32930, with 1.33150 as the next upside target.
Below Pivot: If the pair stays below 1.32520, bearish pressure may deepen toward 1.32300 and 1.32080, with 1.31860 as the next downside target.

GBP, USD