Published: 2026-06-15T07:34:54.000Z
Chart GBP/USD Update: Immediate gains to remain limited
1
Choppy trade around congestion support at 1.3400 has given way to a push higher to resistance at 1.3450
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | congestion | S1 | 1.3400 | ** | congestion | |
| R3 | 1.3550 | * | congestion | S2 | 1.3350 | break level | ||
| R2 | 1.3500 | ** | congestion | S3 | 1.3300 | ** | congestion | |
| R1 | 1.3450 | break level | S4 | 1.3275 | ** | 76.4% ret of Mar-May rally |
Asterisk denotes strength of level
08:10 BST - Choppy trade around congestion support at 1.3400 has given way to a push higher to resistance at 1.3450, before settling into consolidation around 1.3435. Intraday studies continue to rise and daily readings are also positive, highlighting room for a break above 1.3450 towards congestion resistance at 1.3500. However, mixed weekly charts are expected to limit any initial tests in fresh consolidation. A close above here, if seen, would improve sentiment and extend mid-May gains towards 1.3550. Meanwhile, any immediate tests below 1.3400 should be limited in consolidation above 1.3350.