The pair corrected sharply from the 1.3540–1.3550 area and moved back toward 1.3460. GBP/USD is now trying to stabilize after the decline, but the latest structure remains corrective. For the full-day outlook, the pair keeps a neutral to bearish bias while it trades below the Pivot. Buyers need a return above the Pivot to reduce downside pressure.

Current price: 1.3464

Pivot: 1.3475

Nearest support levels:

• S1: 1.3450
• S2: 1.3435
• S3: 1.3420

Nearest resistance levels:

• R1: 1.3490
• R2: 1.3510
• R3: 1.3530

Note:

• Above Pivot: a move above 1.3475 may support a rebound toward 1.3490, 1.3510 and 1.3530.
• Below Pivot: while GBP/USD remains below 1.3475, sellers may keep pressure on 1.3450. A break lower may open the way to 1.3435 and 1.3420.

GBP, USD