Published: 2025-09-17T01:41:49.000Z
Chart GBP/USD Update: Extending gains
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Break of the 1.3595/1.3600 congestion area see prices extending gains from the 1.3140, 1 August low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3800 | * | congestion | S1 | 1.3595 | ** | Aug high | |
| R3 | 1.3788 | ** | 1 Jul YTD high | S2 | 1.3500 | * | congestion | |
| R2 | 1.3700 | * | congestion | S3 | 1.3450/00 | * | congestion | |
| R1 | 1.3680 | * | 4 Jul high | S4 | 1.3370 | ** | Jun, 16 Jul lows |
Asterisk denotes strength of level
01:35 GMT - Break of the 1.3595/1.3600 congestion area see prices extending gains from the 1.3140, 1 August low. Nearby see resistance at the 1.3680/1.3700 congestion area and break here will open up room for retest of the 1.3788, July current year high. Clearance here will extend the broader gains from the September 2022 low. Meanwhile, support is raised to the 1.3600/1.3595 ccongestion and August high which is expected to underpin. Failure will delay bull extension and see room for consolidation to the 1.3500 congestion.