GBP/USD Daily Chart Analysis – June 20, 2025 📉 GBP/USD Daily Chart Analysis – June 20, 2025 📊
📌 Chart Overview:
The GBP/USD pair is currently experiencing a critical technical phase. After a strong bullish rally from January 2025, price action has approached a key resistance level near the 1.3600 zone. Here's the detailed breakdown:
🟦 Key Highlights:
🔹 Resistance Zone 💥
Price is testing a major horizontal resistance between 1.3450 – 1.3600. This area has acted as a supply zone where sellers are currently active.
🔹 Trendline Support 🔺
A long-standing bullish trendline, active since early 2025, has been retested multiple times, confirming the trend’s strength.
🔹 Retest in Progress 🔄
Price recently pulled back after hitting the resistance and is now retesting the broken trendline, indicating a potential shift in trend if the trendline fails to hold.
🔹 Fake Breakout ⚠️
An earlier attempt to break below the trendline in April turned out to be a false breakout, which fueled bullish continuation. A similar scenario could be developing.
📊 Technical Outlook:
📈 If price breaks and closes above 1.3600, it would indicate strong bullish momentum and could open doors toward new highs.
📉 However, if the trendline breaks convincingly and retest fails, sellers may gain control with potential downside targets around 1.3200 and 1.3000.
📍 Conclusion:
GBP/USD is at a make-or-break zone 🧨. Traders should monitor the reaction at the trendline and resistance closely. Breakout or rejection here will shape the mid-term direction.
🔔 Watch for confirmation signals before entering positions.
