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Published: 2025-06-13T07:33:28.000Z

Chart GBP/USD Update: Fresh 2025 year highs, but studies under pressure

byMike Macdonald

Senior Technical Strategist
2

The break above 1.3600 has posted a fresh 2025 year high around 1.3632

 Level 
 
Comment 
 
 
Level 
 
Comment 
R4 1.3750~**January 2022 (y) high
 
S1 1.3500**congestion
R3 1.3650*congestion
 
S2 1.3400/15*cong; 29 May (w) low
R2 1.3632*intraday YTD high
 
S3 1.3300 break level
R1 1.3600*congestion
 
S4 1.3250~*range lows

Asterisk denotes strength of level

08:10 BST - The break above 1.3600 has posted a fresh 2025 year high around 1.3632, before falling sharply as overbought intraday studies unwind, to trade back around 1.3555. Immediate focus is on congestion around 1.3500, where mixed daily readings could prompt fresh consolidation. But broader weekly charts remain under pressure, highlighting potential for a later break beneath here and continuation down to stronger support at congestion around 1.3400 and the 1.3414 weekly low of 29 May. A close beneath here would turn sentiment negative and confirm a near-term top in place. Meanwhile, a close above 1.3632, if seen, would turn sentiment positive and extend September 2022 gains towards the 1.3750~ year high of January 2022.

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Topics
GBP/USD-TA
Free-Tactical-TA
DM-Technical
Technical Analysis

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