Published: 2025-06-26T01:57:33.000Z
Chart GBP/USD Update: Extending fresh year high
Technical Analyst
2
Sharp rally from the 1.3370 low extending gains to reach fresh year high just below the 1.3700 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3835 | * | Oct 2021 high | S1 | 1.3632/00 | * | 13 Jun high, congestion | |
| R3 | 1.3800 | * | congestion | S2 | 1.3530 | * | 23 Jun high | |
| R2 | 1.3750 | ** | Jan 2022 year high | S3 | 1.3500 | * | congestion | |
| R1 | 1.3700 | * | congestion | S4 | 1.3435 | ** | Sep 2024 year high |
Asterisk denotes strength of levelr
01:50 GMT - Sharp rally from the 1.3370 low extending gains to reach fresh year high just below the 1.3700 level. Daily studies remains positive and clearance here will extend the broader gains from the September 2022 low to the 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 1.3632/1.3600 area which should underpin and sustain bounce from the 1.3370 low. Only below 1.3600 will see room for consolidation to 1.3500 and 1.3435 support.