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The GBPUSD pair has broken below its previous daily low of 1.3252, reinforcing a bearish technical outlook. Sellers regained momentum after a brief corrective rally, pushing the price to 1.3235 and extending the downward trend. Key resistance levels now include 1.3252, 1.3282, and 1.3300, while immediate support is near 1.3216 and 1.3180. Broader support zones from April 2025 (1.31386–1.3179) and November 2025 (1.3005–1.3036) could attract buyers if the decline continues. This breakdown shifts the short-term bias toward the downside, prompting traders to favor selling rallies. The failure to hold above 1.3252 weakens the bullish case, increasing the likelihood of further declines. For forex traders, this development signals a potential shift in momentum, with key levels acting as critical decision points for position management and risk assessment. MENA forex traders should monitor GBPUSD closely, as the pair's movement could influence broader forex dynamics in the region. A sustained break below 1.3180 could trigger larger institutional selling, while a rebound above 1.3252 might reinvigorate short-term buyers. The next 48 hours will be critical for confirming the pair's direction.
