Published: 2026-09-07T01:38:55.000Z
Chart GBP/USD Update: Steadied at 1.3475 support
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Turned up from the 1.3475 low as prices consolidate losses from the 1.3675 August high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3475 | * | 13 Aug low, 50% | |
| R3 | 1.3650/75 | ** | congestion, Aug high | S2 | 1.3450 | ** | congestion | |
| R2 | 1.3600 | * | congestion | S3 | 1.3430 | * | 61.8% 28 Jul/Aug rally | |
| R1 | 1.3550 | * | congestion | S4 | 1.3400 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Turned up from the 1.3475 low as prices consolidate losses from the 1.3675 August high. Prices are unwinding oversold daily readings and see room to nearby resistance at 1.3550 congestion. Break here will revive upside focus and see scope for retest of the 1.3600 level then the 1.3650/75, May/August highs. Above here will extend gains from the 1.3140 June low and see room to 1.3700. Meanwhile, support reamins at the 1.3500/1.3475 area. Failure here will open up room to retrace recent strong gains from the 1.3275 late-July low to strong support at 1.3450 congestion and 1.3430/00 area.