Published: 2026-06-04T01:54:04.000Z
Chart GBP/USD Update: Lower in consolidation
-
Lower in consolidation within the 1.3500/1.3400 area following rejection from the 1.3500/1.3485 highs
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | 17 Apr high, congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3550 | * | congestion | S2 | 1.3350 | * | congestion | |
| R2 | 1.3500 | ** | 12 May low, congestion | S3 | 1.3300 | ** | May low, congestion | |
| R1 | 1.3450 | * | congestion | S4 | 1.3250 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Lower in consolidation within the 1.3500/1.3400 area following rejection from the 1.3500/1.3485 highs. Support is at the 1.3400 level and this extend to the 1.3367 low. Break of these will return focus to the downside for retest of strong support at the 1.3350 congestion then the 1.3300 May low. Meanwhile, resistance is lowered to the 1.3450/85 congestion area. Regaining this needed to expose strong resistance at the 1.3500/09 congestion and high of last week to retest and open up room for retest of strong resistance at the 1.3550/1.3600 area.