The pair traded within a range after stabilizing from the latest decline, with price consolidating around the middle of the short-term recovery structure. The near-term tone is neutral while the market remains close to the pivot area.

Current price: 1.32216

Pivot: 1.32235

Nearest support levels: S1: 1.32080, S2: 1.31930, S3: 1.31785

Nearest resistance levels: R1: 1.32330, R2: 1.32470, R3: 1.32620

Note:
Above Pivot: If the price regains 1.32235 and holds above it, buyers may target 1.32330 and 1.32470, with 1.32620 as the next upside target.
Below Pivot: If the pair remains below 1.32235, bearish pressure may return toward 1.32080 and 1.31930, with 1.31785 as the next downside target.

GBP, USD