Published: 2025-06-25T02:09:25.000Z
Chart GBP/USD Update: Consolidating below 1.3648 fresh year high, room to extend
Technical Analyst
1
Sharp rally from the 1.3370 low has seen gains to reach fresh year high at 1.3648
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3800 | * | congestion | S1 | 1.3530 | * | 23 Jun high | |
| R3 | 1.3750 | ** | Jan 2022 year high | S2 | 1.3500 | * | congestion | |
| R2 | 1.3700 | * | congestion | S3 | 1.3435 | * | Sep high | |
| R1 | 1.3648 | ** | 24 Jun high | S4 | 1.3370 | ** | 23 Jun low |
Asterisk denotes strength of levelr
02:00 GMT - Sharp rally from the 1.3370 low has seen gains to reach fresh year high at 1.3648. Daily studies remains positive and clearance here will extend the broader gains from the September 2022 low to the 1.3700 level and 1.3750, January 2022 year high. Overbought weekly studies caution corrective pullback but bullish structure keep focus firmly on the upside. Meanwhile, support is raised to the 1.3530/1.3500 area which should underpin and sustain bounce from the 1.3370 low. Only below 1.3500 will see room for consolidation to the 1.3435/1.3400 support.