Published: 2026-07-09T07:34:44.000Z
Chart GBP/USD Update: Immediate gains to remain limited
2
The anticipated pullback has not been seen
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3550 | * | congestion | S1 | 1.3400 | ** | congestion | |
| R3 | 1.3500/10 | ** | congestion; 25 May (w) high | S2 | 1.3300 | ** | congestion | |
| R2 | 1.3483 | * | 5 Jun (m) high | S3 | 1.3250 | intraday break level | ||
| R1 | 1.3450 | ** | congestion | S4 | 1.3200 | ** | congestion |
Asterisk denotes strength of level
08:10 BST - The anticipated pullback has not been seen, as consolidation beneath 1.3400 has given way to a push higher. Intraday studies have turned higher and the daily Tension Indicator remains positive, highlighting room for continuation towards congestion resistance at 1.3450. But flat overbought daily stochastics and mixed weekly charts should limit any immediate break in renewed selling interest within the 1.3483 - 1.3510 range. Meanwhile, a close back below 1.3400 would help to stabilise price action and prompt consolidation above further congestion around 1.3300.