GBPUSD falls below a floor. Seller add to the control.

GBP/USD Breaks Below Key Support Zone, Sellers Take Control

The GBP/USD pair has fallen beneath a crucial swing area between 1.3321 and 1.3341, a level that earlier provided solid intraday support. This zone had been a key battleground for buyers and sellers — staying above kept the floor intact, but a move below has now confirmed a breakdown.

Downward momentum accelerated after the break, driving the pair to a new session low at 1.3292, reinforcing the bearish tone. The next target lies at the August 5 low of 1.3259. A firm move below this level would likely open the path toward the 200-day moving average at 1.3167, a technical level the pair hasn’t traded below since early April.

That moving average coincides closely with the 38.2% Fibonacci retracement of the 2025 range at 1.3140, sitting within a broader support zone between 1.3140 and 1.3203. This area marks a potential turning point—where buyers could step in to defend value, or where a break lower could trigger a deeper downside extension.

For now, the short-term bias remains bearish as long as GBP/USD stays below the broken support area. Sellers continue to hold the upper hand, with eyes firmly set on that cluster of support levels as the next key destination.