The flight to safety into the US dollar pushed the pair lower, breaking below both the 100- and 200-hour moving averages, which were converged near 1.3544.
Since the floor was established, the pair has rebounded and is now retesting the upper swing resistance area between 1.3580 and 1.35919 (see red numbered circles on the chart above). A move above this ceiling would open the door for a retest of the recent highs, while failure here keeps the pair locked in a broader consolidation range defined by the swing areas with the 100 and 200 hour moving averages converged at 1.3544 an interim bias/risk defining level,.
Resistance: 1.3580–1.35919 (swing area), 1.36158 (recent high), 1.36365 (high for 2025 reached earlier today)
Support: 1.3544 (100/200 hour moving averages, 1.3506–1.3517 (swing zone that stalled the fall the day),
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about gbpusd rebounds after geopolitical dip key swing resistance back in play was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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