GBP/USD Intraday Signal: Bearish Bias Below 1.3450
The GBP/USD pair remains under downward pressure as the price struggles to break above the key resistance level at 1.3450. The pair has failed multiple attempts to reclaim this zone, suggesting that sellers are defending it strongly. The RSI is flattening below its midline, indicating limited buying momentum, while price action continues to form lower highs — reinforcing a short-term bearish outlook.
As long as 1.3450 holds as resistance, the pair is expected to extend its decline toward 1.3410 and 1.3390, which represent immediate intraday support levels. A sustained move below 1.3390 could accelerate selling pressure toward the next key psychological zone near 1.3350.
However, if the price manages to break and hold above 1.3450, it may invalidate the bearish setup and lead to a rebound toward 1.3470 and 1.3490. Traders should monitor the RSI and volume closely to confirm directional bias.
Enter: Short below 1.3450
Stop-Loss (SL): 1.3470
Target A: 1.3410
Target B: 1.3390
