Published: 2025-06-05T01:49:38.000Z
Chart GBP/USD Update: Just shy of 1.3593, May YTD high
Technical Analyst
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Still shy of the 26 May YTD high at 1.3593 as prices consolidate bounce from the 1.3435 support last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3750 | ** | Jan 2022 year high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3435 | ** | Sep 2024 year high | |
| R2 | 1.3645 | * | Feb 2022 high | S3 | 1.3400 | * | congestion | |
| R1 | 1.3593 | ** | 26 May YTD high | S4 | 1.3360 | * | 14 May high |
Asterisk denotes strength of levelr
01:40 GMT - Still shy of the 26 May YTD high at 1.3593 as prices consolidate bounce from the 1.3435 support last week. Daily studies are overbought and caution corrective pullback below the 1.3500 congestion to retest 1.3435/1.3400 support which is expected to underpin and sustain gains from the 1.3140, May low. Break above the 1.3593 high and 1.3600 level will see extend the underlying bull trend from the September 2022 low to retrace steep drop from the June 2021 year high. Higher will see room to 1.3645/1.3700 area then 1.3750, 2022 year high.