Published: 2025-09-16T02:05:27.000Z
Chart GBP/USD Update: Edging higher
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Pressure remains on the upside to reach the 1.3600/35 area as prices extend bounce from the 1.3333, 3 September low
| 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 | 1.3600/35 | ** | congestion, 76.4% | S4 | 1.3333 | * | 3 Sep low |
Asterisk denotes strength of level
02:00 GMT - Pressure remains on the upside to reach the 1.3600/35 area as prices extend bounce from the 1.3333, 3 September low. Break here will extend the broader gains from the 1.3140 August low and see room 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 is expected to underpin. Failure here will fade the upside pressure and see pullback in consolidation towards strong support at the 1.3400/1.3370 area.