Published: 2025-08-27T01:34:41.000Z
Chart GBP/USD Update: Lower in range from 1.3544 high
Technical Analyst
1
Lower in range from test of the July trendline at 1.3544
| 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 | 1.3544 | * | 22 Aug high | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Lower in range from test of the July trendline at 1.3544. Would take break of the latter to open up room for retest of the 1.3600 level. Clearance here will extend the broader gains from 1.3140 low and see room for retest of 1.3680 resistance. Beyond this will expose the 1.3788 July current year high to retest. Meanwhile, strong support at the 1.3400/1.3370 area is expected to underpin and sustain gains from the 1.3140 support. Break will open up room for deeper pullback within the July down channel.