The GBP/USD pair remains under strong bearish pressure on the H1 chart after an extended downside move drove the market to fresh local lows. The latest candles show only a limited rebound from the bottom, while the broader structure still points to a weak market with sellers controlling the main direction. For the full trading day, the key idea is not a narrow intraday fluctuation, but whether the pair can build a deeper correction or whether rebounds will once again be used for renewed selling. Unless buyers reclaim a wider resistance zone, the daily bias remains negative.
Current price: 1.33478
Pivot: 1.3362
Nearest support levels: S1: 1.3320, S2: 1.3292, S3: 1.3265
Nearest resistance levels: R1: 1.3388, R2: 1.3418, R3: 1.3450
Note: If the pair stays below the pivot at 1.3362, the bearish structure remains dominant and pressure may continue toward 1.3320. A confident move below that support would expose 1.3292 and then 1.3265 later in the day. If GBP/USD returns above 1.3362, a broader correction toward 1.3388 may develop, while 1.3418 becomes the next important upside target. Only a stable recovery above 1.3418 would materially weaken the current bearish daily structure, while 1.3450 is the upper boundary of a deeper corrective scenario for the session.
