GBPUSD Technical Analysis – Buyers eye rebound after dip to 200-bar MA support | Forexlive

GBPUSD’s earlier rally stalled at the familiar resistance zone between 1.33619 and 1.33784, where sellers leaned in and capped upside momentum. The pullback found support earlier today at the 200-bar moving average on the 4-hour chart, and the pair is now retracing lower toward that level again, presenting a potential dip-buying opportunity.

For buyers, holding above this key moving average and reclaiming ground toward 1.33227 and beyond would signal renewed bullish intent. On the flip side, if sellers manage to push the pair below the 100-bar MA on the 4-hour chart at 1.32859 and then the 100-hour MA near the 1.32577 swing area, bearish pressure would likely build, shifting the bias lower.

Key support test for the GBPUSD. Can the buyers stall the fall?

Key technical levels:

• Resistance: 1.33619–1.33784 (swing area), 1.3423 to 1.34413 (swing highs)

• Support: 1.32859 (100-bar MA on 4H), 1.32577 (100-hour MA and swing area),

• Bias: Neutral-to-bullish above 1.32859; bearish bias below 1.32577

Momentum will hinge on how price reacts around the moving average cluster. A bounce would reinforce bullish positioning, while a break below could open the door to further downside.

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