Published: 2026-01-14T01:47:20.000Z
Chart GBP/USD Update: Leaning lower in consolidation
1
Leaning lower in consolidation following rejection beneath the 1.3500 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3726 | ** | Sep high | S1 | 1.3390 | * | 12 Jan low | |
| R3 | 1.3600 | * | congestion | S2 | 1.3350 | * | congestion | |
| R2 | 1.3568 | * | 6 Jan YTD high | S3 | 1.3300 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3215/00 | ** | 13 Nov high, congestion |
Asterisk denotes strength of level
01:45 GMT - Leaning lower in consolidation following rejection beneath the 1.3500 resistance. Negative intraday and daily studies weighs and threatens retest of the 1.3400/1.3390 support. Break here will open up room for deeper pullback to retrace gains from the 1.3010 November low and see room to support at the 1.3350/1.3300 congestion area. Meanwhile, resistance at the 1.3500 congestion is expected to cap. Would take break here to clear the way for retest of the 1.3568 high and see room for extension to resistance at the 1.3600 level.