Published: 2025-09-19T02:15:46.000Z
Chart GBP/USD Update: Extending pullback from 1.3725 high
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Prices remains under pressure to extend rejection from the 1.3725 mid-week high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | 1 Jul YTD high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3725 | ** | 17 Sep high | S2 | 1.3450 | * | congestion | |
| R2 | 1.3680 | * | 4 Jul high | S3 | 1.3400 | * | congestion | |
| R1 | 1.3600 | * | Aug high, congestion | S4 | 1.3370 | ** | Jun, 16 Jul lows |
Asterisk denotes strength of level
02:00 GMT - Prices remains under pressure to extend rejection from the 1.3725 mid-week high. Nearby see room to the 1.3500 support. Negative daily studies threatens break here to open up room for deeper pullback to retrace gains from the 1.3140, august low. Lower will open up scope to 1.3450 congestion then the strong support at the 1.3400/1.3370 area. Meanwhile, resistance is lowered to the 1.3600 congestion now expected to cap. Clearance here is needed to ease the downside pressure and return focus to the 1.3680/1.3725 highs.