Published: 2026-07-23T07:23:40.000Z
Chart GBP/USD Update: Consolidating - daily studies under pressure
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Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation around 1.3375
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | congestion | S1 | 1.3350 | * | congestion | |
| R3 | 1.3550/58 | * | congestion; 15 Jul (w) high | S2 | 1.3300 | ** | congestion | |
| R2 | 1.3500 | * | congestion | S3 | 1.3250 | intraday break level | ||
| R1 | 1.3400 | ** | congestion | S4 | 1.3200 | ** | congestion |
Asterisk denotes strength of level
08:10 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation around 1.3375. Daily stochastics continue to fall and the daily Tension Indicator is turning down, suggesting room for still further losses in the coming sessions. A break below congestion support at 1.3350 will open up further congestion around 1.3300, where rising weekly charts should prompt fresh consolidation. Meanwhile, resistance is lowered to congestion around 1.3400. A close above here would help to stabilise sentiment and prompt consolidation beneath congestion around 1.3500.