Published: 2025-09-25T01:57:23.000Z
Chart GBP/USD Update: Under pressure
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Consolidation at the 1.3500 level has given way to renewed selling pressure to extend pullback from the 1.3725 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3680 | * | 4 Jul high | S1 | 1.3400 | ** | congestion | |
| R3 | 1.3600 | ** | Aug high, congestion | S2 | 1.3370 | ** | Jun, 16 Jul lows | |
| R2 | 1.3536 | * | 23 Sep high | S3 | 1.3333 | * | 3 Sep low | |
| R1 | 1.3500 | * | congestion | S4 | 1.3300 | * | congestion |
Asterisk denotes strength of level
01:45 GMT - Consolidation at the 1.3500 level has given way to renewed selling pressure to extend pullback from the 1.3725 high. Nearby see strong support at the 1.3400/1.3370 area then the 1.3333, 3 September low. Would expect reaction here but a later break cannot be ruled out to see deeper pullback to retrace the August/September gains. Lower will open up room to the 1.3300/1.3200 congestion. Meanwhile, resistance is lowered to the 1.3500/36 area which is expected to cap and sustain losses from the 1.3725 high.