GBP/USD tests 100-hour MA at 1.3503, finds technical support buyers

GBP/USD declined to a session low of 1.3503, testing the critical confluence of the rising 100-hour moving average and the lower boundary of a key swing area between 1.3505-1.3514. The pair has fallen approximately 50 pips from intraday highs as dollar strength pressured sterling lower. This technical support zone provided immediate buying interest, with traders viewing the level as a clear risk-defining area for potential dip-buying opportunities. The 100-hour MA has acted as dynamic support throughout recent sessions, making this test particularly significant for near-term direction. If buyers maintain defense above 1.3503, a corrective rebound toward 1.3550 resistance remains viable. However, a decisive break below this support confluence would expose the 1.3480 level and signal further downside momentum. Traders are closely monitoring whether this technical floor holds, as it could determine whether the recent uptrend remains intact.