Published: 2026-09-14T01:38:42.000Z
Chart GBP/USD Update: Leaning lower
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Leaning lower in choppy trade following rejection from the 1.3568 high to threaten a bear flag pattern
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3500 | * | congestion | |
| R3 | 1.3650/75 | ** | congestion, Aug high | S2 | 1.3475 | ** | 13 Aug low | |
| R2 | 1.3600 | * | congestion | S3 | 1.3450 | * | congestion | |
| R1 | 1.3550 | * | congestion | S4 | 1.3405/00 | * | 50% Jun/Aug rally, congestion |
Asterisk denotes strength of level
01:35 GMT - Leaning lower in choppy trade following rejection from the 1.3568 high to threaten a bear flag pattern. Daily studies are mixed but the negative weekly studies suggest scope for break of the 1.3500 level and 1.3475 support to open up room for deeper pullback to retrace the June/August gains. Lower will see room to 1.3450 congestion then the 1.3405, 50% Fibonacci level. Meanwhile, resistance at the 1.3550/68 congestion and high of last week is expected to cap. Would take break here to revive upside focus and see room to the 1.3600 level then the 1.3650/75, May/August highs.