GBP/USD breaks below 1.3305 as 200-hour MA rejects recovery attempt

GBP/USD has declined sharply to a new session low of 1.32865, falling approximately 50 pips from its intraday high following a failed recovery attempt. The pair initially rallied after softer-than-expected US CPI data but encountered strong selling pressure at the 100-hour moving average, prompting a reversal. The rejection at this key technical level shifted momentum decisively bearish, with the pair subsequently breaking below the critical swing area between 1.3323-1.3341 and piercing through the early-week support at 1.3305. This breakdown suggests further downside potential, with immediate support now seen at 1.3280 and psychological level at 1.3250. The failure to sustain gains despite favorable US inflation data highlights underlying sterling weakness and suggests traders remain cautious on GBP positioning. Near-term resistance has formed at the broken 1.3305 level, with the 100-hour MA continuing to cap upside attempts.