The pair traded within a range before a strong downside breakout accelerated the decline and moved GBP/USD into a lower trading area. The full-day outlook remains bearish, as the pair is consolidating close to recent lows and has not yet shown a convincing recovery above the breakdown zone.

Current price: 1.3191

Pivot: 1.3218

Nearest support levels:

• S1: 1.3168
• S2: 1.3145
• S3: 1.3115

Nearest resistance levels:

• R1: 1.3235
• R2: 1.3260
• R3: 1.3295

Note:

• Above Pivot: a move above 1.3218 may signal a deeper corrective rebound, with recovery targets at 1.3235, 1.3260 and 1.3295.
• Below Pivot: trading below 1.3218 keeps sellers in control, with possible movement toward 1.3168, 1.3145 and 1.3115.

GBP, USD