Published: 2026-06-30T02:04:58.000Z
Chart GBP/USD Update: Room for stronger bounce
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Bounce from the 1.3160/40 support has seen gains to resistance at the 1.3250 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | * | congestion | S1 | 1.3200 | * | congestion | |
| R3 | 1.3350 | congestion | S2 | 1.3160 | * | Mar low | ||
| R2 | 1.3300 | ** | congestion, May low | S3 | 1.3140 | ** | 24 Jun YTD low | |
| R1 | 1.3250 | * | congestion | S4 | 1.3100 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Bounce from the 1.3160/40 support has seen gains to resistance at the 1.3250 congestion. Daily studies are unwinding oversold readings and suggest scope for extension to strong resistance at 1.3300 level. Would expect reaction here while a later break will fade the downside pressure and open up room for stronger recovery to 1.3350/1.3400 area. Meanwhile, support is raised to the 1.3200 level which should now underpin. Failure here will expose the 1.3160 and 1.3140 lows to retest and threaten extension of the January losses.