The pair traded within a range before buyers triggered a sharp upside breakout, pushing the market to the highest levels of the recent structure. The short-term tone remains bullish while the price stays above the pivot area.

Current price: 1.34422

Pivot: 1.34280

Nearest support levels: S1: 1.34120, S2: 1.33880, S3: 1.33630

Nearest resistance levels: R1: 1.34505, R2: 1.34680, R3: 1.34860

Note:
Above Pivot: If the price holds above 1.34280, bullish continuation may target 1.34505 and 1.34680, with 1.34860 as the next upside objective.
Below Pivot: If the pair falls back below 1.34280, corrective pressure may extend toward 1.34120 and 1.33880, with 1.33630 as the next downside target.

GBP, USD