Published at 23:47 (GMT) 22 Jul

Chart GBP/USD Update: Pressure turning towards downside (ZOWC4901)

23 Jul GBP/USD Daily
23:33 GMT - Sharp sell-off last Friday is establishing a resistance line from 18-Jun's high and exposing a potential triangle with focus now shifting towards downside. Initial support at 1.5583 targeted ahead of 1.5554 with scope for current weakness to extend towards the support line of this formation at 1.5424. [W.T]

R5: 1.5750 200-day MA line
R4: 1.5738 * 19 Jul high
R3: 1.5733 * Resistance line fr 18/6 high
R2: 1.5680 intraday level
R1: 1.5626 intraday level

S1: 1.5583 18 Jul low
S2: 1.5554 17 Jul low
S3: 1.5518 16 Jul low
S4: 1.5424 * Support line fr 1/6 low
S5: 1.5393 * 12 Jul low