The pair traded within a range after stabilizing from the latest decline, with buyers attempting to build a short-term base above the recent low zone. The near-term tone is neutral to slightly constructive while the price stays close to the pivot area.

Current price: 1.32175

Pivot: 1.32220

Nearest support levels: S1: 1.32020, S2: 1.31885, S3: 1.31740

Nearest resistance levels: R1: 1.32330, R2: 1.32480, R3: 1.32630

Note:
Above Pivot: If the price regains 1.32220 and holds above it, recovery may extend toward 1.32330 and 1.32480, with 1.32630 as the next upside target.
Below Pivot: If the pair remains below 1.32220, bearish pressure may return toward 1.32020 and 1.31885, with 1.31740 as the next downside target.

GBP, USD