Published: 2025-09-02T01:52:35.000Z
Chart GBP/USD Update: Consolidating test of 1.3545 resistance
Technical Analyst
3
Break above the 1.3500 level has seen gains to retest the 1.3545 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | 1 Jul YTD high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3680 | * | 4 Jul high | S2 | 1.3400 | * | congestion | |
| R2 | 1.3595/00 | ** | Aug high, congestion | S3 | 1.3370 | ** | Jun, 16 Jul lows | |
| R1 | 1.3545 | * | 22 Aug high | S4 | 1.3300 | * | figure |
Asterisk denotes strength of level
01:50 GMT - Break above the 1.3500 level has seen gains to retest the 1.3545 resistance. Would take break here to open up room for retest of the August high at 1.3595 and the 1.3600 level. Clearance here will extend the broader gains from 1.3140 low of August and see room for retest of 1.3680 resistance. Beyond this will return focus to the 1.3788 July current year high. Meanwhile, support is raised to the 1.3500 level. Would take break here to open up room for further consolidation to the strong support at the 1.3400/1.3370 area.