Published: 2025-08-06T01:52:57.000Z
Chart GBP/USD Update: Consolidating around 1.3300, higher later
Technical Analyst
3
Little change, as prices extend consolidation around the 1.3300 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3435 | ** | 2024 year high | S1 | 1.3200 | * | congestion | |
| R3 | 1.3400 | * | congestion | S2 | 1.3140 | ** | May low, 38.2% | |
| R2 | 1.3370 | ** | 16 Jul/Jun lows | S3 | 1.3100 | * | congestion | |
| R1 | 1.3300/30 | * | congestion, 4 Aug high | S4 | 1.3000 | ** | figure, congestion |
Asterisk denotes strength of level
01:45 GMT - Little change, as prices extend consolidation around the 1.3300 level. Daily studies are tracking higher having turned up from oversold areas and suggest consolidation giving way to break higher to further retrace losses from the 1.3788, July current year high. Higher will see room to retest resistance at the 1.3370 previous lows and the 1.3400 level. Break here will see room to retest the 2024 year high at 1.3435. Meanwhile, support at the 1.3200 congestion is expected to underpin and sustain bounce from the 1.3140 low.