Published: 2026-09-02T01:54:31.000Z
Chart GBP/USD Update: Under pressure, 1.3500 at risk
-
Prices remain under pressure to extend losses from the 1.3675 August high to approach the 1.3500 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3500 | * | congestion | |
| R3 | 1.3650/75 | ** | congestion, Aug high | S2 | 1.3475 | * | 13 Aug low, 50% | |
| R2 | 1.3600 | * | congestion | S3 | 1.3450 | ** | congestion | |
| R1 | 1.3550 | * | congestion | S4 | 1.3430/00 | * | 61.8%, congestion |
Asterisk denotes strength of level
01:45 GMT - Prices remain under pressure to extend losses from the 1.3675 August high to approach the 1.3500 level. Negative daily and weekly studies threatend break here to further retrace recent strong gains from the 1.3275, late-July low. Lower will see room to strong support at 1.3475, 50% Fibonacci level, and extending to 1.3450 congestion. Meanwhile, resistance is lowered to 1.3550 congestion which is expected to cap. Regaining this will revive upside focus for retest of the 1.3600 level and sets up scope for return to the 1.3650/75, May/August highs.