Published: 2025-08-25T02:05:08.000Z
Chart GBP/USD Update: Consolidating retest of July trendline
Technical Analyst
3
Rebound from support at the 1.3400 level has seen gains to retest trendline from the 1.3788, July current year high, at 1.3540
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | 1 Jul YTD high | S1 | 1.3450 | congestion | ||
| R3 | 1.3680 | * | 4 Jul high | S2 | 1.3400 | * | congestion | |
| R2 | 1.3595/00 | ** | 14 Aug high, congestion | S3 | 1.3370 | ** | Jun, 16 Jul lows | |
| R1 | 1.3500/20 | * | congestion, 15 Aug low | S4 | 1.3300 | * | figure |
Asterisk denotes strength of level
02:00 GMT - Rebound from support at the 1.3400 level has seen gains to retest trendline from the 1.3788, July current year high, at 1.3540. The resulting bullish outside range suggest room for gains to retest the 1.3595 high of last week. Clearance here and the 1.3600 level will extend the broader gains from 1.3140 low and see room for retest of 1.3680 resistance then the 1.3788 high. Meanwhile, support is raised to the 1.3450 congestion which should underpin and sustain bounce from the 1.3400 level.