Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Administration Panel
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2025-10-07T07:34:22.000Z

Chart GBP/USD Update: Cautious trade

-

Little change, as prices extend cautious trade within the 1.3400 - 1.3500 range

 Level  Comment   Level  Comment 
R4 1.3700 minor congestion S1 1.3400*congestion
R3 1.3600*break level S2 1.3324**25 Sep (m) low
R2 1.3527*1 Oct (w) high S3 1.3300*congestion
R1 1.3500*congestion S4 1.3200*congestion

Asterisk denotes strength of level

08:10 BST - Little change, as prices extend cautious trade within the 1.3400 - 1.3500 range. Intraday studies are under pressure, highlighting room for a test of congestion support at 1.3400. But improving daily readings and mixed weekly charts are expected to limit any break in renewed buying interest above the 1.3324 monthly low of 25 September. Meanwhile, resistance is at congestion around 1.3500 and extends to the 1.3527 weekly high of 1 October. This range should cap any immediate tests higher. A close above here, if seen, will improve price action and extend late-September gains towards resistance at 1.3600.

Continue to read the article for free
Login

or

or

Topics
GBP/USD-TA
Free-Tactical-TA
DM-Technical
Technical Analysis

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image