GBP/USD Consolidates Above 1.3300 With Bearish Intraday Bias

GBP/USD has settled into a consolidation phase above the 1.3300 low after peaking at 1.3657 in early May. The pair initially rallied from April lows near 1.3468, clearing 1.3600 on golden-cross signals before stalling at Fibonacci resistance. Bearish reversal patterns, including the May 12 dark-cloud cover and Societe Generale’s moving-average warnings, have shifted short-term bias lower. Medium-term bullishness remains intact above 1.3008, preserving the longer-term target at the 2021 high of 1.4248 while near-term focus stays on the 1.3158 support retest.