GBPUSD Pulls Back Toward Key SupportGBP/USDOANDA:GBPUSDYong726Market View GBPUSD remains in a broader recovery structure on the 4H chart, but the latest price action suggests that bullish momentum has started to fade after failing to hold above the recent high. Following the rebound from the 1.3150 area, buyers successfully pushed the pair toward 1.3550 before encountering stronger selling pressure. Since then, GBPUSD has formed lower highs and gradually pulled back toward the 1.3380 area. The broader recovery structure has not yet been invalidated, but buyers now need to defend the current support zone to prevent the recent correction from developing into a deeper decline. Key Resistance Zone First resistance: 1.3410–1.3440 This is the nearest resistance zone, and the first level buyers need to recover. A move back above this area would reduce immediate bearish pressure. Second resistance: 1.3480–1.3520 This region includes several recent swing highs and remains the key supply area inside the current structure. A confirmed breakout above this zone would restore stronger bullish momentum. Major resistance: 1.3540–1.3570 This is the recent swing-high area. A sustained move above this region would confirm that buyers have regained full control of the short-term trend. Key Support Zone First support: 1.3360–1.3380 This is the nearest support area currently being tested. Holding above this zone would keep the current recovery structure intact. Second support: 1.3320–1.3340 If the first support fails, this becomes the next important demand area. A break below it would increase downside pressure. Major support: 1.3260–1.3290 This is the structural support created during the previous recovery. Losing this area would weaken the broader bullish outlook significantly. Market Sentiment Market sentiment is currently neutral with a cautious bullish bias. Although buyers still maintain the broader recovery structure, the recent rejection from resistance has reduced upside momentum. Above 1.3440, bullish momentum is expected to improve. Below 1.3360, bearish pressure may strengthen. Please share your view below: Will GBPUSD defend the 1.3360 support zone and resume its recovery toward 1.3500? Or will sellers break support and drive the pair back toward 1.3300? More market structure and key level updates will be shared on a regular basis.