Published: 2025-08-26T01:59:34.000Z
Chart GBP/USD Update: Settled back in range
Technical Analyst
1
Lower in range following retest of trendline from the July high at 1.3544
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | 1 Jul YTD high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3680 | * | 4 Jul high | S2 | 1.3370 | ** | Jun, 16 Jul lows | |
| R2 | 1.3600 | ** | congestion | S3 | 1.3300 | * | figure | |
| R1 | 1.3544 | * | 22 Aug high | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Lower in range following retest of trendline from the July high at 1.3544. However, Friday's bullish outside range from the 1.3390 low suggest room for break later to open up room for retest of the 1.3600 level. Clearance here will extend the broader gains from 1.3140 low and see room for retest of 1.3680 resistance then the 1.3788, July current year high. Meanwhile, support remains at the 1.3400/1.3370 area which is expected to underpin and sustain gains from the 1.3140 support.