The GBPUSD has moved below a swing area floor between 1.3321 to 1.3341. That area found support earlier today, but remained a key area for both buyers and sellers. Stay above and the floor remains in place. Move below and the floor gives way. The floor has given way. Downside momentum has driven the pair to a fresh low at 1.3292, keeping sellers firmly in control. The next key target sits at the August 5 low of 1.3259. A decisive break below that level would shift focus toward the 200-day moving average at 1.3167—a benchmark the pair hasn’t traded under since early April.That moving average also aligns closely with the 38.2% retracement of the 2025 range at 1.3140, and falls inside a broader swing area between 1.3140 and 1.3203. This zone represents a critical test: if reached, it could either attract buyers looking for value or open the door to an extended downside push.For now, the path lower remains the bias as long as the pair holds beneath today’s broken floor. Sellers will be eyeing that cluster of support levels as the next major destination. This article was written by Greg Michalowski at investinglive.com.