Published: 2025-07-16T01:50:00.000Z
Chart GBP/USD Update: Consolidating above 1.3370 support
Technical Analyst
1
Losses through the 1.3435/00 area has seen further losses to approach support at the 1.3370, June low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3681 | * | 4 Jul high | S1 | 1.3370 | ** | Jun low | |
| R3 | 1.3600/32 | * | congestion, 13 Jul high | S2 | 1.3300 | * | congestion | |
| R2 | 1.3500/25 | * | congestion, 8 Jul low | S3 | 1.3200 | * | congestion | |
| R1 | 1.3435 | * | Sep 2024 year high | S4 | 1.3140 | ** | May low, 38.2% |
Asterisk denotes strength of levelr
01:45 GMT - Losses through the 1.3435/00 area has seen further losses to approach support at the 1.3370, June low. Consolidation here see prices unwinding oversold intraday and daily studies but a later break cannot be ruled out. Lower will see room for deeper pullback to retrace gains from the January low to the 1.3300 and 1.3250 congestion. Meanwhile, resistance is lowered to the 2024 year high at 1.3435. Above here will see room for stronger bounce to strong resistance at the 1.3500/25 area.