Published: 2025-09-18T01:56:59.000Z
Chart GBP/USD Update: Lower in consolidation
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No follow-through on break of the 1.3680/1.3700 resistance as prices settled back to unwind overbought intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3800 | * | congestion | S1 | 1.3595 | ** | Aug high | |
| R3 | 1.3788 | ** | 1 Jul YTD high | S2 | 1.3500 | * | congestion | |
| R2 | 1.3700 | * | congestion | S3 | 1.3450/00 | * | congestion | |
| R1 | 1.3680 | * | 4 Jul high | S4 | 1.3370 | ** | Jun, 16 Jul lows |
Asterisk denotes strength of level
01:50 GMT - No follow-through on break of the 1.3680/1.3700 resistance as prices settled back to unwind overbought intraday and daily studies. Pullback see support starting at the 1.3600/1.3595 recent high and break here will open up room for deeper pullback to the 1.3500 congestion. Corrective pullback is expected to give way to renewed buying interest later. Above the 1.3680/1.3700 area will return focus to the 1.3788, July current year high. Clearance here will extend the broader gains from the September 2022 low.