The pair traded within a range after the earlier rebound, but the latest H1 candles show that selling pressure has returned from the 1.3470–1.3480 zone. GBP/USD is now holding near the lower part of the recent structure, and the daily tone remains cautious while the price stays below the Pivot area.
Current price: 1.34304
Pivot: 1.3442
Nearest support levels:
S1: 1.3415
S2: 1.3395
S3: 1.3370
Nearest resistance levels:
R1: 1.3448
R2: 1.3468
R3: 1.3490
Note:
Above Pivot: a move above 1.3442 may reduce current bearish pressure and support a recovery toward 1.3448. If buyers gain traction above this area, the pair may extend higher toward 1.3468 and 1.3490.
Below Pivot: while GBP/USD remains below 1.3442, sellers may retain the advantage. A break below 1.3415 may renew downside momentum and expose 1.3395 and 1.3370 during the day.
