Published: 2025-09-12T01:54:56.000Z
Chart GBP/USD Update: Poised for retest of 1.3590/95 highs
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Consolidation at the 1.3500 level has given way to bounce to sustain gains from the 1.3333 low and see room for retest of the 1.3590/95 highs
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | * | 1 Jul YTD high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3450/00 | * | congestion | |
| R2 | 1.3680 | * | 4 Jul high | S3 | 1.3370 | ** | Jun, 16 Jul lows | |
| R1 | 1.3595/00 | ** | Aug high, congestion | S4 | 1.3333 | * | 3 Sep low |
Asterisk denotes strength of level
01:50 GMT - Consolidation at the 1.3500 level has given way to bounce to sustain gains from the 1.3333 low and see room for retest of the 1.3590/95 highs. Break here will extend gains from the 1.3140 August low and open up room for extension to the 1.3680/1.3700 congestion area. Clearance here will see potential for retest of the 1.3788, 1 July YTD high. Meanwhile, support at the 1.3500 congestion should underpin and sustain bounce from the 1.3333, 3 September low.