Published: 2025-06-18T02:01:38.000Z
Chart GBP/USD Update: Extending pullback from 1.3632 high
Technical Analyst
1
Turned down from the 1.3632 high to break the wedge pattern and the 1.3500/1.3455 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3435/00 | ** | 2024 year high, congestion | |
| R3 | 1.3645 | * | Feb 2022 high | S2 | 1.3360 | * | congestion | |
| R2 | 1.3632 | ** | 13 Jun YTD high | S3 | 1.3250/00 | * | congestion | |
| R1 | 1.3600 | * | congestion | S4 | 1.3142/40 | ** | 2023 year high, May low |
Asterisk denotes strength of levelr
01:50 GMT - Turned down from the 1.3632 high to break the wedge pattern and the 1.3500/1.3455 support as prices unwind overbought intraday and daily studies. Pullback see the 1.3435/00 support now at risk and break here will open up room for deeper pullback to retrace rally from the 1.3140, May low. Lower will see room to support at 1.3360 and 1.3250/00 area. 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 1.3700 congestion then the 1.3750 high of January 2022.