Published: 2026-06-11T01:56:19.000Z
Chart GBP/USD Update: Higher in consolidation from 1.3300 support
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Higher in consolidation following bounce above the 1.3300 support to retest resistance at 1.3400 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3550 | * | congestion | S1 | 1.3300 | ** | May low, congestion | |
| R3 | 1.3485/00 | ** | 29 May high, congestion | S2 | 1.3250 | * | congestion | |
| R2 | 1.3415 | * | congestion, 200-day MA | S3 | 1.3200 | * | congestion | |
| R1 | 1.3400 | * | congestion | S4 | 1.3160 | ** | 31 Mar YTD low |
Asterisk denotes strength of level
01:50 GMT - Higher in consolidation following bounce above the 1.3300 support to retest resistance at 1.3400 congestion. Bounce see prices unwinding oversold daily studies and above the latter will open up room for retest of strong resistance at the 1.3485/1.3500 area. However, the latter is expected to cap and give way to renewed selling pressure later. Below the 1.3300 level will extend the broader losses from the 1.3650 May swing high and see room to 1.3250 congestion. Lower still, will see potential for retest of 1.3200 level then the 1.3160 March current year low.