GBP/USD Intraday Signal: Toward 1.3460
Analysis:
GBP/USD remains under intraday selling pressure while capped below the pivot resistance at 1.3530. As long as this level holds, the short-term bias favors the downside, with targets at 1.3460, followed by the extended objective at 1.3440.
Price action continues to show rejection near resistance, reinforcing the bearish structure. The inability to reclaim 1.3530 suggests limited upside potential, with rebounds likely to remain corrective rather than trend-changing.
Alternatively, a sustained break above 1.3530 would weaken the bearish scenario and open the path toward 1.3560 and 1.3580, where higher resistance levels are positioned.
Trade Setup:
Enter: Short below 1.3530
Stop-Loss (SL): 1.3560
Target A: 1.3460
Target B: 1.3440