Published: 2025-08-21T01:37:17.000Z
Chart GBP/USD Update: Extending pullback from 1.3595 high
Technical Analyst
1
Edging lower as prices extend pullback from the 1.3595 high to retrace rally from the 1.3140, 1st April low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | 1 Jul YTD high | S1 | 1.3435 | * | 2024 year high | |
| R3 | 1.3680 | * | 4 Jul high | S2 | 1.3400 | * | congestion | |
| R2 | 1.3595/00 | ** | 14 Aug high, congestion | S3 | 1.3370 | ** | Jun, 16 Jul lows | |
| R1 | 1.3520 | * | 15 Aug low | S4 | 1.3300 | * | figure |
Asterisk denotes strength of level
01:30 GMT - Edging lower as prices extend pullback from the 1.3595 high to retrace rally from the 1.3140, 1st April low. Daily studies are unwinding overbought readings and see room to support at the 1.3435/1.3400 area. Below this will see room to strong support at 1.3370. Break here will return focus to the downside and extend losses to the 1.3300/1.3200 congestion area. Meanwhile, resistance is lowered to 1.3520 which extend to the 1.3590/1.3595 highs, now expected to cap.