Published: 2025-09-03T02:10:51.000Z
Chart GBP/USD Update: Weighing on 1.3400/1.3370 support
Technical Analyst
2
Rejection from the 1.3550 high has seen sharp pullback to retest strong support at the 1.3400/1.3370 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3680 | 4 Jul high | S1 | 1.3370 | ** | Jun, 16 Jul lows | ||
| R3 | 1.3595/00 | ** | Aug high, congestion | S2 | 1.3300 | * | congestion | |
| R2 | 1.3550 | ** | 1 Sep high | S3 | 1.3200 | * | congestion | |
| R1 | 1.3400/40 | * | congestion | S4 | 1.3140 | ** | Aug low |
Asterisk denotes strength of level
02:00 GMT - Rejection from the 1.3550 high has seen sharp pullback to retest strong support at the 1.3400/1.3370 area. Negative studies suggest break here likely to retrace the August rally. Lower will see room for deeper pullback to support at the 1.3300 and 1.3200 congestion. Below these will return focus to the 1.3140, August swing low. Meanwhile, resistance is lowered to the 1.3400/40 congestion area which is expected to cap and sustain losses from the 1.3550 lower high.