Published: 2025-09-23T01:36:16.000Z
Chart GBP/USD Update: Turned up in consolidation
0
-
Turned up from above the 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
01:35 GMT - Turned up from above the 1.3450 congestive support as prices consolidate pullback from the 1.3725 high and unwind oversold intraday studies. However, negative daily and weekly studies weighs and see risk deeper pullback to retrace gains from the 1.3140, August low. Lower will see room to strong support at the 1.3400/1.3370 area and 1.3333, 3 September low. Meanwhile, resistance is lowered to the 1.3550/1.3600 congestion area which is expected to cap. Clearance will return focus to the upside for retest of the 1.3680/1.3725 highs.