Published: 2026-08-06T01:52:57.000Z
Chart GBP/USD Update: Range-bound in consolidation
1
Little change, as prices extend consolidation within the Monday's range above the 1.3400 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650/58 | ** | congestion, May high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600 | * | 17 Apr high, congestion | S2 | 1.3350 | * | congestion | |
| R2 | 1.3558 | ** | 15 Jul high | S3 | 1.3300 | ** | May low, congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3275 | ** | 28 Jul low |
Asterisk denotes strength of level
01:45 GMT - Little change, as prices extend consolidation within the Monday's range above the 1.3400 level. Shallow pullback keep pressure on the upside and see room to extend gains from the 1.3275 low of last week. Break above the 1.3500 level will turn focus to the 1.3550/58 congestion and mid-July high. Above the latter will extend the broader gains from the June current year low and see scope for retest of the 1.3650/58, May highs. Meanwhile, support at the 1.3400 level should underpin. Would take break here will open up room for deeper correction to support at the 1.3350/00 congestion and May low.