Published: 2025-09-26T01:31:59.000Z
Chart GBP/USD Update: Consolidating retest of 1.3333 low
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Sharply lower to take out strong support at the 1.3400/1.3370 area to retest the 1.3333, 3 September low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | Aug high, congestion | S1 | 1.3333 | * | 3 Sep low | |
| R3 | 1.3536 | * | 23 Sep high | S2 | 1.3300 | * | congestion | |
| R2 | 1.3500 | * | congestion | S3 | 1.3200 | * | congestion | |
| R1 | 1.3400/50 | * | congestion, 22 Sep low | S4 | 1.3140 | ** | May/Aug lows |
Asterisk denotes strength of level
01:30 GMT - Sharply lower to take out strong support at the 1.3400/1.3370 area to retest the 1.3333, 3 September low. Consolidation here is expected to give way to renewed selling pressure later to further extend losses from the 1.3725 high of last week. Lower will see room for extension to the 1.3300/1.3200 congestion area. Meanwhile, resistance is lowered to the 1.3400/50 area which is expected to cap and keep corrective bounce in check. Regaining this will ease the downside pressure and open up room for return above the 1.3500 level and to the 1.3600 resistance.