Published: 2026-06-12T07:31:20.000Z
Chart GBP/USD Update: Choppy in range
1
The anticipated break back above congestion resistance at 1.3400 has been pushed back from 1.3430
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | congestion | S1 | 1.3400 | ** | congestion | |
| R3 | 1.3550 | * | congestion | S2 | 1.3350 | break level | ||
| R2 | 1.3500 | ** | congestion | S3 | 1.3300 | ** | congestion | |
| R1 | 1.3450 | break level | S4 | 1.3275 | ** | 76.4% ret of Mar-May rally |
Asterisk denotes strength of level
08:10 BST - The anticipated break back above congestion resistance at 1.3400 has been pushed back from 1.3430, as overbought intraday studies unwind, with prices currently trading around 1.3400. A break beneath here will open up 1.3350. But rising daily readings should limit any initial tests in fresh consolidation, before bearish weekly charts prompt further losses. Meanwhile, resistance is at 1.3450. Any tests above here should be limited in renewed selling interest towards congestion around 1.3500.