Published: 2026-06-12T02:10:19.000Z
Chart GBP/USD Update: Higher in consolidation from 1.3300 support
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Higher in consolidation from the 1.3300 support and break above the 1.3400 resistance opening up room for extension to 1.3450 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | 17 Apr high, congestion | S1 | 1.3350/00 | ** | congestion, May low | |
| R3 | 1.3550 | * | congestion, channel | S2 | 1.3250 | * | congestion | |
| R2 | 1.3485/00 | ** | 29 May high, congestion | S3 | 1.3200 | * | congestion | |
| R1 | 1.3450 | * | congestion | S4 | 1.3160 | ** | 31 Mar YTD low |
Asterisk denotes strength of level
02:00 GMT - Higher in consolidation from the 1.3300 support and break above the 1.3400 resistance opening up room for extension to 1.3450 congestion. Daily studies are unwinding oversold readings and lift over the latter will see room for retest of strong resistance at the 1.3485/1.3500 area which is expected to cap. Clearance will revive upside focus and open up room towards 1.3600/50 highs. Menwhile, support at the 1.3350/1.3300 congestion and May low should underpin. Failure here will see room to 1.3250 congestion and potentially to 1.3160, March current year low.