Published: 2025-07-25T01:38:59.000Z
Chart GBP/USD Update: Outside range weighs
Technical Analyst
1
Met with selling pressure beneath the 1.3600 level with the resulting outside range threatening deeper pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3800 | * | congestion | S1 | 1.3500/85 | * | congestion, 16 Jul high | |
| R3 | 1.3788 | ** | 1 Jul YTD high | S2 | 1.3435 | * | Sep high | |
| R2 | 1.3681 | * | 4 Jul high | S3 | 1.3370 | ** | Jun low | |
| R1 | 1.3600/32 | ** | congestion, 13 Jun high | S4 | 1.3300 | * | congestion |
Asterisk denotes strength of levelr
01:30 GMT - Met with selling pressure beneath the 1.3600 level with the resulting outside range threatening deeper pullback to retrace gains from the 1.3370 low. Daily studies have turned mixed and pullback see 1.3500/1.3485 support now under pressure. Break here will see room for deeper pullback to retest the 1.3400 level level and 1.3370 low. Below these will trigger a 2-month tp pattern at the 1.3788 high and see deeper correction of the January/July rally. Meanwhile, resistance at the 1.3600/32 area now seen capping.