Chart GBP/USD Update: Back to pressure 1.3273/1.3300 resistance
Retest of the 1.3140 June current year low has given way to bounce above 1.3180 support to reach strong resistance at the 1.3273/1.3300 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3450 | * | congestion | S1 | 1.3180 | * | congestion | |
| R3 | 1.3400 | ** | congestion | S2 | 1.3140 | ** | 24 Jun YTD low | |
| R2 | 1.3350 | * | congestion | S3 | 1.3100 | * | congestion | |
| R1 | 1.3273/00 | ** | 28 Jul low, congestion | S4 | 1.3010 | ** | Nov 2025 low |
Asterisk denotes strength of level
01:50 GMT - Retest of the 1.3140 June current year low has given way to bounce above 1.3180 support to reach strong resistance at the 1.3273/1.3300 congestion. Daily studies continues to track higher from oversold areas and suggest choppy trade giving way to break higher to confirm a base the 1.3180/1.3140 lows and open up room for stronger recovery to retrace losses from the 1.3675 August high. Higher will see room to resistance at the 1.3350 congestion and 1.3400 level. Support at the 1.3180/40 lows should underpin. Failure here will open up room to 1.3100 then 1.3010, November 2025 low.