GBP/USD Has Scope to Pull Back to Test 1.3295-1.3335, Chart Shows -- Market Talk
Dow Jones
Jun 23, 2025
0354 GMT - GBP/USD has scope to pull back to test major support area of 1.3295-1.3335 as the retreat gathers momentum, says Quek Ser Leang of UOB's Global Economics & Markets Research. On the daily chart, the ascending trendline from early January is at 1.3295 and the 55-day exponential moving average is at 1.3335, the senior technical analyst notes. A break below this support zone could expose the base of the daily Ichimoku cloud, which is expected to be at 1.3155 in the coming days, the analyst adds. USD/GBP is 0.1% higher at 1.3420, FactSet data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 22, 2025 23:54 ET (03:54 GMT)
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