The pair traded within a range after the strong sell-off from the 1.3470 area, then formed a corrective recovery from the 1.3310 zone. GBP/USD is now consolidating around the middle of the latest rebound structure, but the recovery remains limited while the pair stays below the 1.3400–1.3410 resistance area. The Pivot zone is the main control level for the full-day direction.
Current price: 1.33797
Pivot: 1.3385
Nearest support levels:
S1: 1.3360
S2: 1.3340
S3: 1.3315
Nearest resistance levels:
R1: 1.3405
R2: 1.3430
R3: 1.3460
Note:
Above Pivot: a recovery above 1.3385 may support another move toward 1.3405. If buyers break and hold above this level, GBP/USD may extend the rebound toward 1.3430 and 1.3460.
Below Pivot: while the pair remains below 1.3385, the rebound stays vulnerable. A break below 1.3360 may return pressure toward 1.3340 and 1.3315 during the day.
