Published: 2025-07-11T01:51:58.000Z
Chart GBP/USD Update: Leaning lower in consolidation, 1.3525 low at risk
Technical Analyst
5
Leaning lower in consolidation below the 1.3600 level and see scope for retest of the 1.3525 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3835 | * | Oct 2021 high | S1 | 1.3525/00 | * | 8 Jul low, congestion | |
| R3 | 1.3788 | ** | 1 Jul YTD high | S2 | 1.3435 | * | Sep 2024 year high | |
| R2 | 1.3680 | * | 4 Jul high | S3 | 1.3370 | ** | 23 Jun low | |
| R1 | 1.3600/45 | * | congestion, 8 Jul high | S4 | 1.3250 | * | congestion |
Asterisk denotes strength of levelr
01:50 GMT - Leaning lower in consolidation below the 1.3600 level and see scope for retest of the 1.3525 low. Daily studies remains mixed and see break here and the 1.3500 level needed to open up room for deeper corrective pullback to strong support at the 1.3435/00 area and 1.3370, June low. Meanwhile, resistance remains at the 1.3600/45 congestion area and extending to 1.3680, 4 July high. A later break here will expose the 1.3788 high to retest and extend the underlying bull trend from September 2022 low to target 1.3835, high of October 2021.