Published: 2025-07-24T01:35:31.000Z
Chart GBP/USD Update: Within reach of 1.3600/32 resistance
Technical Analyst
3
Pressure remains firmly on the upside as prices extend gains from the 1.3370 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3800 | * | congestion | S1 | 1.3500/85 | * | congestion, 16 Jul high | |
| R3 | 1.3788 | ** | 1 Jul YTD high | S2 | 1.3435 | * | Sep high | |
| R2 | 1.3681 | * | 4 Jul high | S3 | 1.3370 | ** | Jun low | |
| R1 | 1.3600/32 | ** | congestion, 13 Jun high | S4 | 1.3300 | * | congestion |
Asterisk denotes strength of levelr
01:30 GMT - Pressure remains firmly on the upside as prices extend gains from the 1.3370 support. Positive daily studies suggest room for retest of strong resistance at the 1.3600/32 congestion and 13 June high. Would expect reaction here but a later clearance cannot be ruled out. Break will revive the upside focus and see room to the 1.3700 congestion and 1.3788 high. Meanwhile, support is raised to the 1.3500/1.3485 area which should underpin. Only failure here will return focus to 1.3400 level and 1.3370 low.