Published: 2025-08-14T02:16:47.000Z
Chart GBP/USD Update: Consolidating retest of 1.3590/00 resistance
Technical Analyst
3
Sharply higher to extend break of the 2024 year high at 1.3435 to retest resistance at 1.3590/1.3600 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | 1 Jul YTD high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3750 | * | congestion | S2 | 1.3435 | * | 2024 year high | |
| R2 | 1.3680 | * | 4 Jul high | S3 | 1.3400 | * | congestion | |
| R1 | 1.3600 | ** | congestion | S4 | 1.3370 | ** | Jun, 16 Jul lows |
Asterisk denotes strength of level
02:10 GMT - Sharply higher to extend break of the 2024 year high at 1.3435 to retest resistance at 1.3590/1.3600 congestion. Bullish momentum from the 1.3140 support see daily studies now stretched and suggest reaction here likely but consolidation is expected to give way to break to further retrace losses from the July current year high. Higher will see room to 1.3680 resistance but potential will be for retest of 1.3788 high. Meanwhile, support is raised to the 1.3500 congestion which should underpin and sustain gains from the 1.3140 low.