Published: 2025-06-27T01:55:08.000Z
Chart GBP/USD Update: Consolidating below 1.3770, fresh year high
Technical Analyst
2
Settled back in consolidation from gains to fresh year high at 1.3770 as prices unwind the overbought intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3900 | * | congestion | S1 | 1.3700 | congestion | ||
| R3 | 1.3835 | * | Oct 2021 high | S2 | 1.3632/00 | * | 13 Jun high, congestion | |
| R2 | 1.3800 | * | congestion | S3 | 1.3530 | * | 23 Jun high | |
| R1 | 1.3770 | ** | 26 Jun YTD high | S4 | 1.3500 | * | congestion |
Asterisk denotes strength of levelr
01:50 GMT - Settled back in consolidation from gains to fresh year high at 1.3770 as prices unwind the overbought intraday studies. Daily studies are stretched as well and caution pullback to correct strong gains from the 1.3370 low. Support starts at the 1.3700 level and below this will see room to the strong support at the 1.3632/1.3600 area which should underpin. Break here, will open up room for deeper correction to strong support at 1.3500 level and 1.3435. Break above the 1.3770 high will further extend underlying bull trend from September 2022 low.