Published: 2025-07-22T02:08:21.000Z
Chart GBP/USD Update: Extend bounce from 1.3370 support
Technical Analyst
2
Bounce from the 1.3370 June low see prices unwinding the oversold intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | 1 Jul YTD high | S1 | 1.3370 | ** | Jun low | |
| R3 | 1.3681 | * | 4 Jul high | S2 | 1.3300 | * | congestion | |
| R2 | 1.3600/32 | ** | congestion, 13 Jul high | S3 | 1.3200 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3140 | ** | May low, 38.2% |
Asterisk denotes strength of levelr
01:55 GMT - Bounce from the 1.3370 June low see prices unwinding the oversold intraday and daily studies. Resistance is at the 1.3500 congestion and see clearance here needed to open up room for stronger bounce to 1.3600/32 area. Meanwhile, support is raised to the 1.3400 congestion ahead of the 1.3370 low which should underpin. Failure here will confirm a 2-month top at the 1.3788 high and see room for deeper pullback to retrace gains from the January low to the 1.3300/1.3250 congestion.