Published: 2025-06-19T01:54:09.000Z
Chart GBP/USD Update: Under pressure, weighing on 1.3435/00 support
Technical Analyst
1
Extending break of the 1.3500/1.3455 support to pressure strong support at the 1.3435/00 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3435/00 | ** | 2024 year high, congestion | |
| R3 | 1.3632 | ** | 13 Jun YTD high | S2 | 1.3360 | * | congestion | |
| R2 | 1.3600 | * | congestion | S3 | 1.3250/00 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3142/40 | ** | 2023 year high, May low |
Asterisk denotes strength of levelr
01:45 GMT - Extending break of the 1.3500/1.3455 support to pressure strong support at the 1.3435/00 area. The daily and weekly studies have turned lower from overbought areas and highlights risk for break here to open room for deeper pullback to retrace rally from the 1.3140, May low. Lower will see room to support at 1.3360 then the 1.3250/00 area. Below this will return focus to the 1.3140 low. Meanwhile, resistance is lowered to the 1.3500 congestion which is expected to cap and sustain losses from the 1.3632 high.