GBPUSD sentiment is GBP supportive over the last 24 hours with strong positive GBP news and mostly negative USD news.
That backdrop can keep dips bid even as the broader chart trend stays bearish.
Short term charts show a bounce that stalled near 1.346 resistance and the model still favors a pullback toward 1.330 to 1.320 with 80 percent confidence.
Positioning analysis is mildly contrarian bullish with 60 percent confidence so a squeeze higher is still possible if 1.350 breaks.
That backdrop can keep dips bid even as the broader chart trend stays bearish.
Short term charts show a bounce that stalled near 1.346 resistance and the model still favors a pullback toward 1.330 to 1.320 with 80 percent confidence.
Positioning analysis is mildly contrarian bullish with 60 percent confidence so a squeeze higher is still possible if 1.350 breaks.