Published: 2025-07-15T01:52:58.000Z
Chart GBP/USD Update: Weighing on 1.3435/00 support
Technical Analyst
6
Under pressure as prices extend losses from the 1st July high at 1.3788 to reach strong support at the 1.3435/00 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3681 | * | 4 Jul high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600/32 | * | congestion, 13 Jul high | S2 | 1.3370 | ** | Jun low | |
| R2 | 1.3562 | * | 2 Jul low | S3 | 1.3300 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3250 | * | congestion |
Asterisk denotes strength of levelr
01:50 GMT - Under pressure as prices extend losses from the 1st July high at 1.3788 to reach strong support at the 1.3435/00 area. Consolidation here see prices unwinding oversold intraday studies but a later break cannot be ruled out. Lower will expose the June low at 1.3370 to retest. Below here will see room for deeper pullback to retrace gains from the January low. Meanwhile, resistance is lowered to the 1.3500 level which is expected to cap. A later break here will open up room for retest of resistance at 1.3562 then the 1.3600/32 area.