Published: 2025-08-27T07:30:40.000Z
Chart GBP/USD Update: Consolidating - studies under pressure
Senior Technical Strategist
1
Little change, as prices extend cautious trade around 1.3450~
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3681 | 4 Jul high | S1 | 1.3400 | * | congestion | ||
| R3 | 1.3590/00 | ** | 24 Jul (w) high; cong | S2 | 1.3300 | * | congestion | |
| R2 | 1.3550 | intraday break level | S3 | 1.3200 | * | congestion | ||
| R1 | 1.3500 | ** | congestion | S4 | 1.3140~ | * | May-Aug lows |
Asterisk denotes strength of level
08:10 BST - Little change, as prices extend cautious trade around 1.3450~. Daily stochastics continue to fall and the daily Tension Indicator is also turning down, highlighting room for fresh losses in the coming sessions towards congestion support at 1.3400. A break will open up congestion around 1.3300. However, rising weekly stochastics are flattening and the weekly Tension Indicator is bearish, highlighting room for a later break towards 1.3200. Meanwhile, resistance remains up to congestion around 1.3500. A break back above here, if seen, is expected to give way to consolidation beneath 1.3550.