The GBP/USD pair is trading in a fragile recovery phase after a sharp bearish wave pushed the market down from the recent highs. The pair has managed to stabilize above the local lows, but the H1 structure still shows a sequence of lower highs and unstable price action, meaning that the recovery remains corrective for now. The market is sitting near an important balance zone, so the pivot level should define whether the day turns into a rebound session or whether sellers regain control later on.
Current price: 1.35395
Pivot: 1.3540
Nearest support levels: S1: 1.3525, S2: 1.3510, S3: 1.3495
Nearest resistance levels: R1: 1.3558, R2: 1.3575, R3: 1.3592
Note: If the pair holds above the pivot at 1.3540, buyers may try to extend the rebound toward 1.3558 and 1.3575. If momentum builds further, 1.3592 becomes the next upside target for the day. If the price slips back below 1.3540, the recovery may fail and the pair could return toward 1.3525 and 1.3510, while 1.3495 stands as the deeper bearish objective.
