Published: 2025-08-19T01:52:15.000Z
Chart GBP/USD Update: Lower in consolidation
Technical Analyst
2
Settling back from the 1.2595 high as prices unwind overbought intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | 1 Jul YTD high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3750 | * | congestion | S2 | 1.3435 | * | 2024 year high | |
| R2 | 1.3680 | * | 4 Jul high | S3 | 1.3400 | * | congestion | |
| R1 | 1.3595/00 | ** | 14 Auf high. congestion | S4 | 1.3370 | ** | Jun, 16 Jul lows |
Asterisk denotes strength of level
01:45 GMT - Settling back from the 1.2595 high as prices unwind overbought intraday and daily studies. Break of the 1.3500 level will open up room for deeper pullback to to retrace the strong gains from the 1.3140 low. Lower will see room to the 1.3435/1.3400 congestion area and the strong support at 1.3370. Break here will return focus to the downside and see room to 1.3300/1.3200 congestion area. Meanwhile, resistance at the 1.3595 high now expected to cap.