Published: 2025-08-29T01:42:11.000Z
Chart GBP/USD Update: Up to pressure 1.3500/44 resistance
Technical Analyst
3
Higher in range from the 1.3400 level to pressure resistance at 1.3500/44, July trendline and 22 August high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | 1 Jul YTD high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3680 | * | 4 Jul high | S2 | 1.3370 | ** | Jun, 16 Jul lows | |
| R2 | 1.3600 | ** | congestion | S3 | 1.3300 | * | figure | |
| R1 | 1.3544 | * | 22 Aug high | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Higher in range from the 1.3400 level to pressure resistance at 1.3500/44, July trendline and 22 August high. Would take break here to open up room for retest of the 1.3600 level. Clearance here will extend the broader gains from 1.3140 low and see room for retest of 1.3680 resistance. Beyond this will expose the 1.3788 July current year high to retest. Meanwhile, strong support at the 1.3400/1.3370 area is expected to underpin. Failure will open up room for deeper pullback within the July down channel.