GBP/USD Intraday Signal: Downside Toward 1.3300
Analysis:
GBP/USD on the 1-hour timeframe remains within a bearish short-term structure after a strong impulsive decline that created a clear Break of Structure (BOS) below the 1.3400 level. This move confirmed that sellers gained control following the rejection from the 1.3550–1.3580 supply zone.
Price is currently consolidating around 1.3360, forming a corrective rebound after the sharp drop toward 1.3300 liquidity. However, this bounce appears to be a typical bearish retracement into a nearby supply zone around 1.3380, where sellers may step back into the market.
As long as GBP/USD remains below 1.3400 resistance, the broader intraday structure favors further downside. The next liquidity area sits near 1.3320, while a deeper continuation could push the pair toward 1.3300, where the recent weak low was formed.
Trade Setup:
Enter: Sell below 1.3380
Stop-Loss (SL): 1.3425
Target A: 1.3320
Target B: 1.3300