Published: 2025-09-22T01:55:01.000Z
Chart GBP/USD Update: Under pressure, room for lower
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Prices remains under pressure with break of the 1.3500 level opening up room to 1.3450 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3725 | ** | 17 Sep high | S1 | 1.3450 | * | congestion | |
| R3 | 1.3680 | * | 4 Jul high | S2 | 1.3400 | * | congestion | |
| R2 | 1.3600 | ** | Aug high, congestion | S3 | 1.3370 | ** | Jun, 16 Jul lows | |
| R1 | 1.3550 | * | congestion | S4 | 1.3333 | * | 3 Sep low |
Asterisk denotes strength of level
01:50 GMT - Prices remains under pressure with break of the 1.3500 level opening up room to 1.3450 congestion. Negative daily and weekly studies threatens break here to open up room for deeper pullback to retrace gains from the 1.3140, August low. Lower will see room to strong support at the 1.3400/1.3370 area and 1.3333, 3 September low. Meanwhile, resistance is lowered to the 1.3550/1.3600 congestion area which is expected to cap. Regaining this needed to ease the downside pressure and return focus to the 1.3680/1.3725 highs.