Published: 2025-09-08T02:13:51.000Z
Chart GBP/USD Update: Higher in range to retest 1.3550 resistance
Technical Analyst
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Consolidation above the 1.3400 level has given way for bounce to retest resistance at the 1.3550 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3450/00 | * | congestion | |
| R3 | 1.3680 | 4 Jul high | S2 | 1.3370 | ** | Jun, 16 Jul lows | ||
| R2 | 1.3595/00 | ** | Aug high, congestion | S3 | 1.3300 | * | congestion | |
| R1 | 1.3550 | * | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Consolidation above the 1.3400 level has given way for bounce to retest resistance at the 1.3550 congestion. Break here will open up the 1.3595 high of August to retest and see scope to extend gains from the 1.3140 low. Higher will see room to retest the 1.3680 resistance and 1.3700 congestion. Beyond this will return focus to the 1.3788, July current year high. Meanwhile, support at the 1.3450/00 congestion and 1.3370 June low are expected to underpin and sustain bounce from the 1.3140 low.