GBP/USD Intraday Signal: Downside Momentum Prevails Below 1.3180
GBP/USD remains under bearish pressure while trading below the pivot resistance at 1.3180. Sellers are dominating the intraday structure, targeting 1.3140 and 1.3120 in extension. The pair’s inability to break above the pivot confirms that 1.3180 continues to act as a strong resistance zone.
Market conditions suggest choppy but downward-biased movement as sellers capitalize on intraday rebounds. Momentum indicators point to a lack of bullish strength, while short-term moving averages are turning lower, aligning with the ongoing bearish setup. A confirmed break below 1.3140 would open the way toward 1.3120, reinforcing the downside continuation.
Alternatively, a move above 1.3180 would shift the outlook to neutral and allow for a corrective move toward 1.3200 and 1.3215 before renewed selling pressure emerges.
Trade Setup:
Enter: Short below 1.3180
Stop-Loss (SL): 1.3200
Target A: 1.3140
Target B: 1.3120