Published: 2025-05-28T01:39:37.000Z
Chart GBP/USD Update: Settling back from 1.3570/1.3600 resistance
Technical Analyst
1
Settling back from test of resistance at the 1.3570/1.3600 congestion area from February 2022
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3748 | ** | Jan 2022 year high | S1 | 1.3518/00 | 26 May low, congestion | ||
| R3 | 1.3700 | * | congestion | S2 | 1.3435 | ** | Sep 2024 year high | |
| R2 | 1.3645 | * | Feb 2022 high | S3 | 1.3400 | * | congestion | |
| R1 | 1.3570/00 | ** | congestion | S4 | 1.3360 | * | 14 May high |
Asterisk denotes strength of levelr
01:35 GMT - Settling back from test of resistance at the 1.3570/1.3600 congestion area from February 2022. Pullback see prices unwinding the overbought intraday and daily studies and reach the 1.3500 level. Below this will expose strong support at the 1.3435, September 2024 year high. Below this will open up room for deeper pullback to retrace gains from the 1.3140, 12 May low. Correction is expected to give way to renewed buying interest later. Above the 1.3600 congestion will open up room to the 1.3700 congestion then 1.3748, 2022 year high.