GBPUSD – Bearish Rejection at Intraday Resistance

GBPUSD has shown strong bullish momentum during the earlier session, but price is now showing signs of rejection near the 1.34170 resistance zone.

The recent price action indicates a potential short-term bearish shift, with sellers stepping in after the recent high.

Technical Observations

Price rejected the 1.34170 swing-high region.

Bearish momentum emerged near 1.34134–1.34145.

Price is showing lower highs on the 1-minute timeframe.

Immediate support is positioned around 1.34100.

A decisive break below this level could expose the next support zones.

Key Levels

Resistance: 1.34134–1.34145

Major resistance: 1.34170

Support 1: 1.34100