The GBP/USD pair is attempting to stabilize after the earlier heavy sell-off, but the broader H1 structure still looks vulnerable. Price has managed to hold above the deepest lows and has shifted into a flatter consolidation, yet buyers still have not produced a convincing continuation pattern. This suggests that the market is in a corrective balance zone rather than in a fresh bullish trend. For the full trading day, the pair may remain range-bound with a cautious upside recovery only if resistance begins to give way; otherwise, rallies may continue to face renewed selling interest.
Current price: 1.34246
Pivot: 1.3423
Nearest support levels: S1: 1.3406, S2: 1.3388, S3: 1.3362
Nearest resistance levels: R1: 1.3442, R2: 1.3465, R3: 1.3488
Note: If the pair holds above the pivot at 1.3423, the corrective move may continue toward 1.3442. A break above this area would open the way to 1.3465 and then 1.3488. If GBP/USD slips back below 1.3423, bearish pressure may return and drag the market toward 1.3406. A deeper decline would then bring 1.3388 and 1.3362 into focus during the day.
