Published: 2025-09-10T02:01:04.000Z
Chart GBP/USD Update: Lower in consolidation beneath 1.3600
Technical Analyst
1
Extension above the 1.3550 resistance has met with selling pressure below the August high at 1.3595
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | * | 1 Jul YTD high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3450/00 | * | congestion | |
| R2 | 1.3680 | 4 Jul high | S3 | 1.3370 | ** | Jun, 16 Jul lows | ||
| R1 | 1.3595/00 | ** | Aug high, congestion | S4 | 1.3333 | * | 3 Sep low |
Asterisk denotes strength of level
02:00 GMT - Extension above the 1.3550 resistance has met with selling pressure below the August high at 1.3595 as prices unwind overbought readings. Consolidation is expected to give way to renewed buying interest later and break of the resistance at 1.3595 and 1.3600 level will further extend gains from the 1.3140, August swing low. Clearance will see room to the 1.3700 level but potential will be for retest of the 1.3788, 1 July YTD high. Meanwhile, support is raised to the 1.3500 congestion which should underpin and sustain bounce from the 1.3333 low.