Published: 2025-09-11T01:54:06.000Z
Chart GBP/USD Update: Consolidating retest of 1.3590/95 highs
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Settled back from test of the 1.3590/95 highs as prices consolidate gains from the 1.3333 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | * | 1 Jul YTD high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3450/00 | * | congestion | |
| R2 | 1.3680 | 4 Jul high | S3 | 1.3370 | ** | Jun, 16 Jul lows | ||
| R1 | 1.3595/00 | ** | Aug high, congestion | S4 | 1.3333 | * | 3 Sep low |
Asterisk denotes strength of level
01:50 GMT - Settled back from test of the 1.3590/95 highs as prices consolidate gains from the 1.3333 low of last week. Consolidation is expected to give way to renewed buying interest later and break of the resistance at 1.3595 and 1.3600 level will further extend gains from the 1.3140, August swing low. Clearance will see room to the 1.3700 level but potential will be for retest of the 1.3788, 1 July YTD high. Meanwhile, support is raised to the 1.3500 congestion which should underpin and sustain bounce from the 1.3333 low.