The pair traded within a range after the strong sell-off from the 1.3470 area and has been rebuilding a corrective recovery from the 1.3310 zone. GBP/USD is now approaching the upper part of the latest rebound structure, but the pair still needs to hold above the Pivot to confirm stronger buying interest for the full day.
Current price: 1.33911
Pivot: 1.3380
Nearest support levels:
S1: 1.3365
S2: 1.3335
S3: 1.3310
Nearest resistance levels:
R1: 1.3405
R2: 1.3430
R3: 1.3460
Note:
Above Pivot: while GBP/USD holds above 1.3380, buyers may continue targeting 1.3405. A sustained breakout above this resistance may open the way toward 1.3430 and 1.3460.
Below Pivot: a return below 1.3380 would weaken the recovery structure. A break below 1.3365 may send the pair toward 1.3335 and 1.3310 during the day.
