Published: 2025-09-01T01:47:58.000Z
Chart GBP/USD Update: Pressuring 1.3500/45 resistance
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Bounce from the 1.3400 level last week see prices back to pressure resistance at the 1.3530/45 area
| 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 | 1.3545 | * | 22 Aug high | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Bounce from the 1.3400 level last week see prices back to pressure resistance at the 1.3500/45 area. Would take break here to open up room for retest of the 1.3600 level. Clearance here will extend the broader gains from 1.3140 low of August and see room for retest of 1.3680 resistance and 1.3700 level. Beyond this will return focus to the 1.3788 July current year high. Meanwhile, strong support at the 1.3400/1.3370 area is expected to underpin. Failure here will open up room for pullback within the July down channel.