
Uniglobe Markets
June 2, 2025 at 06:45 AM
*GBP/USD Technical Overview*
GBPUSD is consolidating between 1.3460 and 1.3505 after bouncing from recent lows. Price action appears indecisive but leans slightly bullish as buyers attempt to reclaim control above moving averages.
Support and Resistance Levels
• Support: 1.3460, 1.3425
• Resistance: 1.3505, 1.3530
Buy and Sell Scenarios
• Buy Scenario: A sustained move above 1.3505 could attract follow-through buying toward 1.3530.
• Sell Scenario: Failure to hold above 1.3460 could send the pair back toward 1.3425.
