Published: 2025-08-15T01:56:58.000Z
Chart GBP/USD Update: Settled back from retest of 1.3590/00 resistance
Technical Analyst
2
Settled back from retest of resistance at 1.3590/1.3600 as prices consolidate recent strong gains from the 1.3140 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | 1 Jul YTD high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3750 | * | congestion | S2 | 1.3435 | * | 2024 year high | |
| R2 | 1.3680 | * | 4 Jul high | S3 | 1.3400 | * | congestion | |
| R1 | 1.3600 | ** | congestion | S4 | 1.3370 | ** | Jun, 16 Jul lows |
Asterisk denotes strength of level
01:50 GMT - Settled back from retest of resistance at 1.3590/1.3600 as prices consolidate recent strong gains from the 1.3140 low and unwind overbought intraday studies. Daily studies are stretched as well and suggest room for corrective pullback to the 1.3500 level. Lower, if seen, will see room to the 1.3435/1.3400 congestion. However, corrective pullback is expected to give way to renewed buying interest later. Break of the 1.3600 level will see room to 1.3680 resistance with potential to retest the 1.3788, July YTD high.