Published: 2025-07-14T01:57:50.000Z
Chart GBP/USD Update: Room for deeper pullback
Technical Analyst
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Break of the 1.3500 level see prices extending losses from the 1.3788, 1 July YTD high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3835 | * | Oct 2021 high | S1 | 1.3435 | * | Sep 2024 year high | |
| R3 | 1.3788 | ** | 1 Jul YTD high | S2 | 1.3400 | * | congestion | |
| R2 | 1.3680 | * | 4 Jul high | S3 | 1.3370 | ** | 23 Jun low | |
| R1 | 1.3562 | * | 2 Jul low | S4 | 1.3250 | * | congestion |
Asterisk denotes strength of levelr
01:50 GMT - Break of the 1.3500 level see prices extending losses from the 1.3788, 1 July YTD high. Lower will see room to strong support at the 1.3435/00 area then the June low at 1.3370 which are expected to underpin. Break of these will open up room for deeper correction of gains from the January low. Meanwhile, resistance is lowered to 1.3562/1.3600 area. A later break here will expose the 1.3788 high to retest and extend the underlying bull trend from September 2022 low to target 1.3835, high of October 2021.