The GBPUSD pair rose during recent intraday trading, supported by the firmness of the 1.3160 level, which had previously been identified as a price target in our earlier analysis. This support provided positive momentum, helping the pair recover part of its prior losses. At the same time, the pair is attempting to ease its oversold conditions on the relative strength indicators, with early positive signals beginning to appear.

Despite this rebound, the broader technical outlook remains under pressure. The main short-term downtrend is still dominant, with continued negative pressure as the pair trades below EMA50, limiting the chances of a full recovery in the near term.