Published: 2026-06-19T02:11:23.000Z
Chart GBP/USD Update: Extending sharp losses
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Sharp losses has reach the 1.3200 level but pressure remains on the downside and see room to retest the 1.3160, March current year low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | * | congestion | S1 | 1.3200 | * | congestion | |
| R3 | 1.3350 | * | congestion | S2 | 1.3160 | ** | 31 Mar YTD low | |
| R2 | 1.3300 | ** | congestion, May low | S3 | 1.3100 | * | congestion | |
| R1 | 1.3250 | congestion | S4 | 1.3010 | ** | 4 Nov low |
Asterisk denotes strength of level
02:00 GMT - Sharp losses has reach the 1.3200 level but pressure remains on the downside and see room for extension to retest the 1.3160, March current year low. Would expect reaction here but a later break cannot be ruled out to extend losses from the January high. Lower will see scope for extension to the 1.3010 low of 4 November. Meanwhile, resistance is lowered to the 1.3250 congestion which extend to the 1.3300 May low. Would expect this area to cap and sustain losses from the 1.3650, April/May double top.