The pair traded within a range after a volatile pullback, with the market stabilizing around the middle of the latest corrective structure. The short-term tone is neutral to slightly bearish while price remains under the pivot area.

Current price: 1.32316

Pivot: 1.32360

Nearest support levels: S1: 1.32105, S2: 1.31930, S3: 1.31755

Nearest resistance levels: R1: 1.32450, R2: 1.32625, R3: 1.32800

Note:
Above Pivot: If the price climbs above 1.32360, buyers may target 1.32450 and 1.32625, with 1.32800 as the next upside objective.
Below Pivot: If the pair stays below 1.32360, bearish pressure may return toward 1.32105 and 1.31930, with 1.31755 as the next downside target.

GBP, USD