Published: 2026-07-02T02:04:37.000Z
Chart GBP/USD Update: Extending June gains
1
Break above 1.3250 see prices extending gains from the 1.3140 June current year low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3450/60 | * | congestion, 15 Jun high | S1 | 1.3250 | * | congestion | |
| R3 | 1.3400 | * | congestion | S2 | 1.3200 | * | congestion | |
| R2 | 1.3350 | * | congestion | S3 | 1.3160 | * | Mar low | |
| R1 | 1.3300 | ** | congestion, May low | S4 | 1.3140 | ** | 24 Jun YTD low |
Asterisk denotes strength of level
02:00 GMT - Break above 1.3250 see prices extending gains from the 1.3140 June current year low. Daily studies are unwinding oversold readings and suggest room to strong resistance at the 1.3300, May low. Would expect reaction here but a later break cannot be ruled out. Higher will open up room for stronger recovery to resistance at the 1.3350/1.3400 congestion area. Meanwhile, support at 1.3250 should underpin. Failure here will open up room for pullback to 1.3200 congestion then the 1.3160 and 1.3140, March/June lows.