Published: 2026-07-21T07:26:51.000Z
Chart GBP/USD Update: Daily studies continue to track lower
3
Cautious trade has given way to fresh selling interest
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3657 | ** | 1 May (m) high | S1 | 1.3400 | ** | congestion | |
| R3 | 1.3600 | ** | congestion | S2 | 1.3350 | * | congestion | |
| R2 | 1.3550/58 | * | congestion; 15 Jul (w) high | S3 | 1.3300 | ** | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3250 | intraday break level |
Asterisk denotes strength of level
08:10 BST - Cautious trade has given way to fresh selling interest, with prices reaching 1.3410~ before bouncing to currently trade around 1.3445. Daily stochastics continue to fall and the daily Tension Indicator is turning down, suggesting room for further losses in the coming sessions. Support is at congestion around 1.3400. A break will open up further congestion around 1.3350. But rising weekly charts should limit any immediate tests of here in renewed buying interest/consolidation. Meanwhile, resistance remains at congestion around 1.3500 and should cap any immediate tests higher.