The pair traded within a range after the previous decline, then rebounded sharply from the lower support area and returned toward the middle of the recent H1 structure. GBP/USD is recovering from the 1.3440 area, but buyers need to hold the Pivot to keep the full-day bias tilted to the upside.
Current price: 1.34612
Pivot: 1.3455
Nearest support levels:
S1: 1.3440
S2: 1.3415
S3: 1.3385
Nearest resistance levels:
R1: 1.3478
R2: 1.3505
R3: 1.3530
Note:
Above Pivot: while the pair remains above 1.3455, the recovery scenario stays active. A move above 1.3478 may strengthen buying pressure and open the way toward 1.3505 and 1.3530.
Below Pivot: if GBP/USD falls below 1.3455, the rebound may lose momentum. A break below 1.3440 would increase downside risks and may send the pair toward 1.3415 and 1.3385.
