The GBP/USD pair remains one of the strongest charts among the major pairs on H1, extending the recovery structure formed after the previous multi-session decline. Price action has already broken into the upper portion of the recent range and is now holding close to local highs, which confirms that the market is still favoring upside continuation. However, after such a fast rebound, the pair may need time to digest gains, so intraday trading could begin with a narrow consolidation before buyers attempt another push. For the full day, the bias stays bullish above the pivot, while only a return below support would suggest that the recovery is stalling.
Current price: 1.34807
Pivot: 1.3472
Nearest support levels: S1: 1.3456, S2: 1.3438, S3: 1.3415
Nearest resistance levels: R1: 1.3494, R2: 1.3512, R3: 1.3535
Note: If the pair remains above the pivot at 1.3472, the recovery may continue toward 1.3494. A break above this barrier would expose 1.3512 and then 1.3535 later in the day. If GBP/USD slips below 1.3472, the market may shift into a corrective pullback toward 1.3456. A deeper move down would then bring 1.3438 and 1.3415 into focus.
