The pair traded within a range after the rebound from the 1.3370 area, then gradually rebuilt upside momentum and moved back above the recent consolidation zone. GBP/USD is now testing the upper part of the current H1 range, and the broader intraday bias remains positive while the price stays above the Pivot.
Current price: 1.34787
Pivot: 1.3465
Nearest support levels:
S1: 1.3450
S2: 1.3425
S3: 1.3395
Nearest resistance levels:
R1: 1.3490
R2: 1.3515
R3: 1.3540
Note:
Above Pivot: while the pair holds above 1.3465, buyers may continue targeting 1.3490. A sustained breakout above this resistance may open the way toward 1.3515 and 1.3540.
Below Pivot: a return below 1.3465 would weaken the bullish structure and may trigger a correction toward 1.3450. A break below this area may expose 1.3425 and 1.3395.
