Published: 2025-08-20T01:42:53.000Z
Chart GBP/USD Update: Extending pullback from 1.3595 high
Technical Analyst
3
Extending pullback from the 1.3595 high as prices unwind overbought intraday and daily studies
| 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
01:40 GMT - Extending pullback from the 1.3595 high as prices unwind overbought intraday and daily studies. Break of the 1.3500 level opens up room for deeper pullback to retrace the gains from the 1.3140 low and see room to the 1.3435/1.3400 area. Lower still 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 and this extend to the 1.3595 high which is expected to cap.