Published: 2025-06-24T02:19:19.000Z
Chart GBP/USD Update: Rebound return focus to 1.3600/32 highs
Technical Analyst
1
Limited below the 1.3400 level and subsequent rebound from 1.3370 low has seen rally to regain the 1.3500 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3750 | ** | Jan 2022 year high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3435 | * | Sep high | |
| R2 | 1.3632 | ** | 13 Jun YTD high | S3 | 1.3370 | ** | 23 Jun low | |
| R1 | 1.3600 | * | congestion | S4 | 1.3300 | * | congestion |
Asterisk denotes strength of levelr
02:10 GMT - Limited below the 1.3400 level and subsequent rebound from 1.3370 low has seen rally to regain the 1.3500 level. Follow-through here will see room for retest of the 1.3600 congestion then the 1.3632, current year high. Clearance here will extend the broader gains from the September 2022 low to retrace losses from June 2021 high and see room to the 1.3700 level and 1.3750, January 2022 year high. Meanwhile, support is raised to the 1.3500 level which should underpin and sustain bounce from the 1.3370 low.