Published: 2026-06-17T01:57:22.000Z
Chart GBP/USD Update: Consolidating, room for higher later
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Little change, as prices extend consolidation below resistance at the 1.3450 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | 17 Apr high, congestion | S1 | 1.3350 | * | congestion | |
| R3 | 1.3550 | * | congestion, channel | S2 | 1.3305/00 | ** | 8 Jun, May lows | |
| R2 | 1.3485/00 | ** | 29 May high, congestion | S3 | 1.3250 | * | congestion | |
| R1 | 1.3450 | * | congestion | S4 | 1.3200 | congestion |
Asterisk denotes strength of level
01:50 GMT - Little change, as prices extend consolidation below resistance at the 1.3450 congestion. Daily studies are tracking higher and suggest scope for break here to extend bounce from the 1.3305 low of last week. Clearance will see room for extension to strong resistance at the 1.3485/1.3500 area. Break here will revive upside focus and open up room towards 1.3600/50, April/May highs. Menwhile, support is raised to the 1.3400/1.3350 congestion area which should underpin and sustain bounce from the 1.3305 low.