Published: 2026-06-19T09:20:54.000Z
Chart GBP/USD Update: Corrective gains to remain limited
2
The anticipated break below 1.3200 has bounced smartly from strong support at the 1.3160~ current year low of 31 March
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3450 | break level | S1 | 1.3200 | ** | congestion | ||
| R3 | 1.3400 | ** | congestion | S2 | 1.3160~ | ** | 31 Mar YTD low | |
| R2 | 1.3350 | break level | S3 | 1.3100 | * | congestion | ||
| R1 | 1.3300 | ** | congestion | S4 | 1.3000/10 | ** | congestion; 4-5 Nov (m) low |
Asterisk denotes strength of level
10:00 BST - The anticipated break below 1.3200 has bounced smartly from strong support at the 1.3160~ current year low of 31 March, with prices currently trading around 1.3230. Oversold intraday studies are unwinding, suggesting room for continuation towards congestion resistance at 1.3300. But negative daily readings and bearish weekly charts should limit any tests in renewed selling interest. Following cautious/corrective trade, fresh losses are looked for. A close below 1.3160 will add weight to sentiment and extend January losses initially towards congestion around 1.3100.