Published: 2025-09-05T01:44:45.000Z
Chart GBP/USD Update: Leaning lower from 1.3550 resistance
Technical Analyst
2
Turned up to consolidate above the 1.3400 level after failing to sustain break of the 1.3370 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3680 | 4 Jul high | S1 | 1.3370 | ** | Jun, 16 Jul lows | ||
| R3 | 1.3595/00 | ** | Aug high, congestion | S2 | 1.3300 | * | congestion | |
| R2 | 1.3550 | ** | 1 Sep high | S3 | 1.3200 | * | congestion | |
| R1 | 1.3450/00 | * | congestion | S4 | 1.3140 | ** | Aug low |
Asterisk denotes strength of level
01:40 GMT - Turned up to consolidate above the 1.3400 level after failing to sustain break of the 1.3370 support. However, lower highs at 1.3550 and the 1.3600 level keeps pressure on the downside and threatens break of the 1.3370 support to open up room for deeper pullback to support at the 1.3300 level. Below here will return focus to the 1.3200 support and 1.3140, August swing low. Meanwhile, resistance at the 1.3450/00 congestion area is expected to cap and sustain losses from the 1.3550 lower high.