GBP/USD Breaks Below 200-Hour MA, Sellers Target Key Support Cluster

GBP/USD is extending losses after breaking below critical moving averages, shifting the technical picture decisively in favor of sellers. The pair first breached its 100-hour moving average at 1.34585, a move that emboldened bears and put buyers on the defensive. The subsequent break below the 200-hour moving average confirmed a bearish technical shift, with the pair now targeting a cluster of lower support levels. What had been a relatively balanced session earlier deteriorated as sellers gained momentum through successive technical breakdowns. The sequence of lower support violations suggests increasing downside conviction among market participants. Traders should watch for potential support at the next cluster of technical targets below the 200-hour MA, while any recovery attempt will face resistance at the broken moving averages, which now act as overhead barriers. The breakdown aligns with broader USD strength driven by rising US Treasury yields across the curve. Sellers remain in control unless the pair can reclaim the 200-hour moving average on a sustained basis.