
Uniglobe Markets
June 18, 2025 at 06:30 AM
*GBP/USD Technical Overview*
GBPUSD is attempting a rebound after a sharp breakdown below the 1.3520 area. RSI has bounced from near-oversold levels, and price is testing the lower EMA zone. Momentum remains fragile, and further confirmation is needed to validate any reversal.
Support and Resistance Levels
Support: 1.3440, 1.3415
Resistance: 1.3525, 1.3580
Buy Scenario
Sustained move above 1.3525 could lead to a short-covering rally toward 1.3580.
Sell Scenario
Rejection near 1.3525 and a drop below 1.3440 may reinforce the bearish outlook.
