Published: 2025-07-30T01:56:29.000Z
Chart GBP/USD Update: Consolidating above 1.3300
Technical Analyst
2
Turned up from above the 1.3300 level as prices consolidate losses from the 1.3588 high of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3588 | ** | 24 Jul high | S1 | 1.3300 | * | congestion | |
| R3 | 1.3500 | * | congestion | S2 | 1.3250 | * | congestion | |
| R2 | 1.3435 | * | 2024 year high | S3 | 1.3200 | * | congestion | |
| R1 | 1.3400 | * | congestion | S4 | 1.3140 | * | May low, 38.2% |
Asterisk denotes strength of levelr
01:50 GMT - Turned up from above the 1.3300 level as prices consolidate losses from the 1.3588 high of last week to unwind oversold intraday studies. However, bearish momentum see this giving way to fresh selling pressure later. Break will see extension to support at 1.3250 and 1.3200 congestion. Lower still, will see room to 1.3140, 38.2% Fibonacci level. Meanwhile, resistance is lowered to 1.3400/1.3435 area which is expected to cap and sustain losses from the 1.3588 high of last week.