Published: 2025-07-10T01:37:22.000Z
Chart GBP/USD Update: Range-bound in consolidation from 1.3525 low
Technical Analyst
2
Little change, as prices extend consolidation at the 1.3600 level following bounce from 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
01:35 GMT - Little change, as prices extend consolidation at the 1.3600 level following bounce from 1.3525 low. Daily studies have turned mixed and suggest further ranging action here. Would take break of the 1.3525 low and 1.3500 level 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.