FX.co ★ veelamunda | GBP/USD

GBP/USD Technical Analysis – June 8, 2025 The GBP/USD pair is showing signs of a potential pullback after recently facing strong resistance near the 1.3570 level. This analysis is based on the 4-hour chart, which highlights key support and resistance levels and offers insight into the short-term market sentiment. Resistance Zone Holding Firm The orange line around 1.3570 represents a major resistance level that has been tested multiple times but has yet to be decisively broken. The bulls pushed the price up near this level on several occasions, but each time, selling pressure forced it back down. This zone is clearly acting as a significant barrier, with bearish candles forming every time the price nears this level. It is a critical level for traders to watch, as a clean break and close above this zone could signal further bullish momentum toward 1.3600 and higher. Support Still Intact On the downside, the green horizontal line just above 1.3450 has provided strong support. This level has been tested previously and acted as a springboard for upward movement. So far, the price remains well above this area, indicating that the bulls are not entirely out of the picture. Price Action and Trend Currently, the price sits around 1.3524, showing a mild decline of 0.32% on the day. The recent red candles indicate a short-term bearish move, but as long as the price holds above 1.3500, the trend could still be considered sideways-to-bullish. What to Watch Traders should monitor how the price behaves around the 1.3520–1.3550 range. A bounce from this area may provide another opportunity to retest the resistance zone at 1.3570. On the other hand, if bearish momentum continues and the pair breaks below 1.3500, the next key support lies near 1.3450. Conclusion GBP/USD is currently stuck between strong resistance and solid support. A breakout on either side will likely dictate the next directional move. Traders are advised to stay cautious and look for confirmation before entering trades.