GBP/USD is currently showing a strong bearish correction after rejecting the 1.3580 resistance zone. Price broke below the 1.3470 and 1.3380 support levels with strong momentum, indicating short-term seller control.
The pair is now reacting from the 1.3300–1.3280 demand zone, where a temporary bullish pullback is developing. As long as price remains below 1.3470, the overall structure stays bearish.
Key Levels
- Resistance: 1.3380 → 1.3440 → 1.3470
- Support: 1.3300 → 1.3280
Trading Scenario
- Bullish recovery possible toward 1.3440 if buyers hold above 1.3300.
- Rejection from resistance could create another selling opportunity.
- A breakdown below 1.3280 may continue the bearish move toward lower support levels.
Market Bias: Short-term bearish with intraday corrective rebound potential.
Profilo MQL5
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