The GBP/USD pair traded within a corrective retreat after a strong recovery phase carried the market back into the 1.3490-1.3500 area. The latest pullback remains limited so far, and the pair is still trading above the main short-term support cluster, which keeps the broader intraday structure constructive. However, buyers need to regain control above the pivot area to reopen the way toward the recent highs.
Current price: 1.34792
Pivot: 1.34770
Nearest support levels: S1 1.34650, S2 1.34520, S3 1.34380
Nearest resistance levels: R1 1.34910, R2 1.35040, R3 1.35160
Note: Above 1.34770, the pair may resume its upward move toward 1.34910 and 1.35040, while a stronger extension could reach 1.35160. Below 1.34770, the market may slip back toward 1.34650 and 1.34520; if selling pressure accelerates, 1.34380 becomes the next downside objective.
