Published: 2026-07-03T07:36:51.000Z
Chart GBP/USD Update: Extending gains
2
Anticipated gains have extended
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3510 | * | 25 May (w) high | S1 | 1.3300 | ** | congestion | |
| R3 | 1.3483 | * | 5 Jun (m) high | S2 | 1.3250 | intraday break level | ||
| R2 | 1.3450 | ** | congestion | S3 | 1.3200 | ** | congestion | |
| R1 | 1.3400 | ** | congestion | S4 | 1.3140 | 24 Jun YTD low |
Asterisk denotes strength of level
08:10 BST - Anticipated gains have extended, with prices reaching 1.3385 before settling into choppy trade around 1.3365. Daily readings continue to rise, highlighting room for continuation of late-June gains towards congestion around 1.3400. But negative weekly charts should limit any further tests beyond here in profit-taking/consolidation towards congestion around 1.3450. Meanwhile, support is raised to congestion around 1.3300. A close beneath here, if seen, will help to stabilise price action and prompt fresh consolidation above support at 1.3250.