GBPUSD | Daily Technical Outlook
Market Structure
GBPUSD is showing signs of near-term bearish pressure after failing to sustain its recent recovery, with price rolling over from recent highs and slipping back below short-term moving averages.
While the broader daily structure still reflects a recovery phase from late-2025 lows, momentum has weakened noticeably, and price action is now transitioning into a corrective pullback.
On the intraday timeframes (M15–H1), the pair has formed lower highs, confirming short-term bearish control as sellers defend upside attempts aggressively. The rejection from the 1.3700 area signals fading bullish strength and increasing downside risk toward key support.
Key Resistance Zone
The primary resistance zone is located at 1.3690 – 1.3710, where multiple intraday rejections and prior breakdowns have occurred.
Additional resistance levels:
- 1.3750
- 1.3800 (major swing resistance)
As long as GBPUSD trades below 1.3710, upside attempts are likely to remain corrective and vulnerable to renewed selling pressure.
Key Support Zone
Immediate support is found at 1.3650 – 1.3660, a zone currently being tested and closely watched for directional confirmation.
A clean break below 1.3650 would expose deeper downside targets:
- 1.3600
- 1.3550 – 1.3570 (major structural support)
Failure to hold the 1.3550 region would signal a broader trend shift and negate the recent recovery structure.
Expectations
Bearish Scenario (Primary)
If price remains below 1.3710, bearish pressure is expected to persist.
A confirmed break below 1.3650 would likely accelerate losses toward 1.3600, with scope for extension toward 1.3550.
Bullish Scenario (Alternative)
A sustained reclaim above 1.3710 would signal temporary stabilization, opening the door toward:
- 1.3750
- 1.3800
However, bullish continuation would require a decisive break and hold above 1.3800 to regain medium-term control.
Outlook
GBPUSD is currently under short-term bearish pressure, with sellers defending key resistance and pushing price back toward critical support levels.
While the broader recovery remains technically intact, momentum favors further downside unless price can reclaim 1.3710, making the 1.3650 support zone a pivotal level for near-term direction.
