GBP/USD Pulls Back to Support at Moving Averages After Resistance Rejection

GBP/USD has retreated after upside momentum stalled near a key swing area resistance zone between 1.3574 and 1.3602, with the rally peaking at 1.3577 before sellers regained control. The pair has pulled back toward its 100-hour and 200-hour moving averages, which now serve as a critical support confluence. During the Asian-Pacific session, buyers stepped in near the rising 200-hour moving average, stabilizing the decline and highlighting a classic technical dynamic where yesterday's resistance has become today's support. This price action reflects a market in a defined range, with traders closely watching whether the moving average support holds to sustain the broader bullish bias. A successful defense of this zone could set up another test of the 1.3574–1.3602 resistance area, while a break below the moving averages would shift short-term momentum bearish and expose lower support levels. Traders should watch for volume confirmation on any breakout or breakdown from this consolidation range.