Published: 2026-05-26T01:43:09.000Z
Chart GBP/USD Update: Consolidating, room for higher later
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Gains to the 1.3500 level has given way to consolidation as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650 | ** | congestion | S1 | 1.3450 | * | congestion | |
| R3 | 1.3600 | ** | 17 Apr high, congestion | S2 | 1.3400 | * | congestion | |
| R2 | 1.3550 | * | congestion | S3 | 1.3350 | * | congestion | |
| R1 | 1.3500 | ** | 12 May low, congestion | S4 | 1.3300 | ** | 18 May low, congestion |
Asterisk denotes strength of level
01:40 GMT - Gains to the 1.3500 level has given way to consolidation as prices unwind overbought intraday studies. Positive daily studies suggest consolidation expected to give way to renewed buying interest later to extend gains from the 1.3300 low of last week. Higher will see room to resistance at the 1.3550 congestion. Clearance here will return focus to the m for extension to the 1.3600 level and 1.3650 high. Meanwhile, support is raised to the 1.3450 congestion which should underpin and sustain gains from the 1.3300 low of 18 May.