Published: 2026-10-23T01:54:42.000Z
Chart GBP/USD Update: Pressuring the 1.3400 level
1
Still limited above the 1.3400 level but pressure remains on the upside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500 | * | congestion | S1 | 1.3350 | * | congestion | |
| R3 | 1.3475 | ** | 2 Sep low | S2 | 1.3300 | ** | congestion | |
| R2 | 1.3450 | * | congestion | S3 | 1.3273 | * | 28 Jul low | |
| R1 | 1.3400 | ** | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Still limited above the 1.3400 level but pressure remains on the upside and see scope for break here to extend gains from 1.3140 low of last week. Daily studies continues to track higher and suggest consolidation here giving way to further gains later. Higher will see room for extension to strong resistance at the 1.3450/1.3475 congestion area and low of 2 September. Meanwhile, support is raised to the 1.3350 congestion. Break here will ease the upside pressure and see room for deeper pullback to strong support at the 1.3300/1.3273 congestion and 28 July low.