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GBP/USD remains above critical support at 1.3432, maintaining a neutral intraday bias. A breakdown below this level could trigger a deeper decline from the 1.3867 to 1.3342 range, potentially confirming a full correction of the 1.2099-1.3867 rally. Traders are monitoring key pivot levels (S1: 1.3426, P: 1.3501, R1: 1.3556) for directional clues. The pair's volatility impacts forex traders globally, with potential ripple effects on related derivatives markets.
