Published: 2025-06-17T02:06:10.000Z
Chart GBP/USD Update: Consolidating below 1.3632 high
Technical Analyst
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Little change, as prices extend consolidation below the Friday's current year high at 1.3632
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3500 | * | congestion | |
| R3 | 1.3645 | * | Feb 2022 high | S2 | 1.3455 | * | 10 Jun low | |
| R2 | 1.3632 | ** | 13 Jun YTD high | S3 | 1.3435 | ** | Sep 2024 year high | |
| R1 | 1.3600 | * | congestion | S4 | 1.3400 | * | congestion |
Asterisk denotes strength of levelr
02:00 GMT - Little change, as prices extend consolidation below the Friday's current year high at 1.3632. However, the resulting wedge pattern and overbought intraday and daily studies threatens corrective pullback through the 1.3500 level to open up room to the strong support at the 1.3455/1.3435 area and 1.3400 level. Meanwhile, resistance at the 1.3600/1.3632 area is expected to cap. Clearance here, if seen, will see room for further extension to the wedge pattern top at the 1.3700 congestion then the 1.3750 high of January 2022.