Published: 2025-06-30T01:38:51.000Z
Chart GBP/USD Update: Consolidating below 1.3770 year high
Technical Analyst
1
Little change, as prices extend consolidation below fresh year high at 1.3770
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3900 | * | congestion | S1 | 1.3700 | congestion | ||
| R3 | 1.3835 | * | Oct 2021 high | S2 | 1.3632/00 | * | 13 Jun high, congestion | |
| R2 | 1.3800 | * | congestion | S3 | 1.3530 | * | 23 Jun high | |
| R1 | 1.3770 | ** | 26 Jun YTD high | S4 | 1.3500 | * | congestion |
Asterisk denotes strength of levelr
01:35 GMT - Little change, as prices extend consolidation below fresh year high at 1.3770. Daily studies are stretched but bullish momentum from the 1.3370 low low of last week keeps focus firmly on the upside. Break above the 1.3770 high will further extend the underlying bull trend from September 2022 low. Higher will see room to resistance at the 1.3800/35 area. Meanwhile, support starts at the 1.3700 level and below this will see room to the strong support at the 1.3632/1.3600 area which should underpin. Break here, will open up room for deeper correction to strong support at 1.3500 level and 1.3435.