The pair traded within a volatile recovery sequence and starts Friday in a stronger technical position than earlier in the week. GBP/USD corrected sharply from the recent highs, found buyers in the 1.3550 zone, and has since rebuilt upward momentum toward 1.3575–1.3580. For the whole day, the important point is that the market is no longer pressing fresh lows. Instead, it is trying to re-establish a higher intraday structure after a corrective decline.
That leaves the pair with a modest bullish advantage at the start of the session, but it still needs confirmation. If price holds above the pivot, the rebound can stretch further toward the upper part of the recent range. If it slips back under the pivot, the current rise may turn out to be only a corrective bounce inside a broader sideways-to-bearish structure. In other words, GBP/USD has room to extend higher, but buyers still need to defend the new base for the entire session.
Current price: 1.35759
Pivot: 1.35680
Nearest support levels: S1: 1.35520, S2: 1.35320, S3: 1.35080
Nearest resistance levels: R1: 1.35940, R2: 1.36180, R3: 1.36460
Note:
Above Pivot: If the pair remains above 1.35680, buyers may continue the recovery toward 1.35940 and 1.36180. If the move extends through the day, the next upside target may come at 1.36460.
Below Pivot: If the pair falls back below 1.35680, a broader pullback may develop toward 1.35520 and 1.35320. A deeper daily correction would then expose 1.35080.
