Published: 2025-09-04T02:02:29.000Z
Chart GBP/USD Update: Limited break of 1.3370 support
Technical Analyst
-
No follow-through on break of the 1.3370 support with bounce returning trade back to the 1.3550/1.3370 range area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3680 | 4 Jul high | S1 | 1.3370 | ** | Jun, 16 Jul lows | ||
| R3 | 1.3595/00 | ** | Aug high, congestion | S2 | 1.3300 | * | congestion | |
| R2 | 1.3550 | ** | 1 Sep high | S3 | 1.3200 | * | congestion | |
| R1 | 1.3450/00 | * | congestion | S4 | 1.3140 | ** | Aug low |
Asterisk denotes strength of level
01:50 GMT - No follow-through on break of the 1.3370 support with bounce returning trade back to the 1.3550/1.3370 range area. However, negative studies keeps pressure on the 1.3400/1.3370 support and threatens break here to open up room for deeper pullback to support at the 1.3300 level. Below here will return focus to the 1.3200 support and 1.3140, August swing low. Meanwhile, resistance is at the 1.3450/00 congestion area which is expected to cap and sustain losses from the 1.3550 lower high.