FX.co ★ PixelVibes | AUD/USD

GBP/USD Post Analysis GBPUSD on the M30 timeframe experienced strong volatility, with price action shifting from an earlier bullish structure into a clear bearish phase before attempting a short-term recovery. The pair initially traded near the 1.3560–1.3570 resistance area but failed to maintain upward momentum. This rejection triggered a significant sell-off that pushed the price sharply lower. The most notable move occurred after price broke below the 1.3535 support level. Sellers entered aggressively, driving the pair down toward the 1.3450 zone. The decline was sharp and impulsive, confirming strong bearish sentiment during that session. The breakdown also forced price below the Ichimoku cloud, which shifted the overall short-term bias to the downside. The cloud now acts as dynamic resistance above current price levels. After reaching the 1.3445–1.3450 support region, GBPUSD found temporary stability and began forming higher lows on the lower timeframe. This resulted in a corrective rebound toward the 1.3480–1.3490 area. However, the recovery appears to be corrective rather than a full trend reversal, as price remains below major resistance and inside the broader bearish structure. Currently, GBPUSD is trading around 1.3485. The immediate resistance is located near 1.3495–1.3505. A break above this zone could open the path toward 1.3520. On the downside, support remains around 1.3450. If sellers regain control and push below this level, further weakness toward 1.3420 may follow. The CCI indicator is positioned in positive territory, reflecting short-term bullish momentum during the recent rebound. However, it is not yet signaling a strong trend reversal. Momentum must remain above the neutral line to sustain further upside continuation. Overall, GBPUSD on the M30 timeframe remains technically bearish despite the recent recovery. The dominant structure still favors sellers unless price successfully breaks above key resistance levels. Traders should closely monitor the 1.3500 resistance and 1.3450 support zones for confirmation of the next directional move. Proper risk management is essential due to ongoing volatility in the pair. I prefer this response