Published: 2025-10-03T01:26:47.000Z
Chart GBP/USD Update: Scope for deeper pullback from 1.3500/36 resistance
3
Rejection from the 1.3500/36 resistance has seen pullback to retest the 1.3400 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3680/00 | * | 4 Jul high, congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600 | ** | Aug high, congestion | S2 | 1.3324 | ** | 25 Sep low | |
| R2 | 1.3536 | * | 23 Sep high | S3 | 1.3300 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Rejection from the 1.3500/36 resistance has seen pullback to retest the 1.3400 level. Break here will open up room for retest of the 1.3324 low and threaten extension of losses from the 1.3726 September high. Lower will open up room to the 1.3300and 1.3200 congestion then the critical 1.3140 August low and 38.2% Fibonacci level. Meanwhile, resistance at the 1.3500/36 area is expected to cap. Would take break here to ease the downside pressure and open up room for retest of the 1.3600 August high.