Published: 2025-09-24T01:49:37.000Z
Chart GBP/USD Update: Higher in consolidation from 1.3450
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Turned up from 1.3450 congestive support as prices consolidate pullback from the 1.3725 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3725 | ** | 17 Sep high | S1 | 1.3450 | * | congestion | |
| R3 | 1.3680 | * | 4 Jul high | S2 | 1.3400 | ** | congestion | |
| R2 | 1.3600 | ** | Aug high, congestion | S3 | 1.3370 | ** | Jun, 16 Jul lows | |
| R1 | 1.3550 | * | congestion | S4 | 1.3333 | * | 3 Sep low |
Asterisk denotes strength of level
01:45 GMT - Turned up from 1.3450 congestive support as prices consolidate pullback from the 1.3725 high of last week and unwind oversold intraday studies. Bounce see resistance starting at the 1.3550/1.3600 area which is expected to cap. Clearance here will return focus to the upside for retest of 1.3700 level and 1.3725 high. However, negative weekly studies threatens deeper pullback to retrace gains from the 1.3140, August low. Below the 1.3450 support will see room to strong support at the 1.3400/1.3370 area.