GBPUSD TECHS: Clears All Retracement Points

* RES 4: 1.3599 High Aug 28 * RES 3: 1.3568 High Sep 9 * RES 2: 1.3469 50-day EMA * RES 1: 1.3406 High Sep 17 * PRICE: 1.3254 @ 16:57 BST Sep 23 * SUP 1: 1.3248 Low Sep 23 * SUP 2: 1.3219 Low Jul 1 * SUP 3: 1.3140 Low Jun 24 and a key M/T support * SUP 4: 1.3096 Low Nov 25 '25 A sharp sell-off today in GBPUSD reinforces the current bear theme. The pair continues to retrace the bull cycle between Jun 24 and Aug 21 and today's move lower has resulted in a breach of 1.3266, the 76.4% and final retracement point of the bull cycle. The break further strengthens the current bear cycle and signals scope for a move towards 1.3140, the Jun 24 low and a key support. Initial firm resistance is seen at 1.3469, the 50-day EMA.