Published: 2025-06-10T01:38:35.000Z
Chart GBP/USD Update: Leaning lower from 1.3616, current year high
Technical Analyst
2
Settled back in consolidation from fresh year high at 1.3616 but prices remains supported above the 1.3500 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3750 | ** | Jan 2022 year high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3435 | ** | Sep 2024 year high | |
| R2 | 1.3645 | * | Feb 2022 high | S3 | 1.3400 | * | congestion | |
| R1 | 1.3616 | ** | 5 Jun YTD high | S4 | 1.3360 | * | 14 May high |
Asterisk denotes strength of levelr
01:35 GMT - Settled back in consolidation from fresh year high at 1.3616 but prices remains supported above the 1.3500 level. However, both daily and weekly studies have turned lower from overbought areas and caution corrective pullback. Would take break here to turn focus lower and see room to strong support at the 1.3435, 2024 year high. Break here and the 1.3400 level, will see deeper correction of rally from the 1.3140, May low. Meanwhile, resistance at 1.3616 high is expected to cap. Clearance, if seen, will further extend the underlying bull trend from September 2022 low.