The GBPUSD started the day by making a new high for the year during the early Asian session, but risk-off flows following an Israeli strike on Iran triggered a sharp reversal.
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.
The decline finally found support at the high of a swing area between 1.3506 and 1.3517—an area that has repeatedly acted as a key barometer for buyer interest (see green numbered circles on the chart above). After some back-and-forth price action, the early U.S. session low once again held above this key zone, reinforcing it as a critical support level. Going forward it would take a move below that level to increase the bearish bias.
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,.
Key technical levels:
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.
Read More Details
Finally We wish PressBee provided you with enough information of ( GBPUSD rebounds after geopolitical dip; key swing resistance back in play )
Also on site :
- Advantech Unveils Next-Generation Edge AI Compute Solutions Powered by Qualcomm Dragonwing IQ-X Series
- From collapse fears to resilience: How Russia reshaped its economy by the end of 2025
- Russian MOD shows map of Ukrainian drone attack on Putin’s residence