Published: 2026-07-14T01:35:23.000Z
Chart GBP/USD Update: Room for deeper pullback
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Extending Friday's rejection from resistance at the 1.3450/75 congestion and channel top
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3550 | congestion | S1 | 1.3350 | * | congestion | ||
| R3 | 1.3500/10 | ** | congestion, 25 May high | S2 | 1.3300 | ** | May low | |
| R2 | 1.3450 | ** | 10 Jul high | S3 | 1.3250/00 | * | congestion | |
| R1 | 1.3400 | * | congestion | S4 | 1.3140 | ** | 24 Jun YTD low |
Asterisk denotes strength of level
01:20 GMT - Extending Friday's rejection from resistance at the 1.3450/75 congestion and channel top. Daily studies are tracking lower from overbought areas and suggest room for deeper pullback to strong support at the 1.3300, May low. Would take break here to return focus to the downside and see deeper pullback to the 1.3250/00 congestion area. Meanwhile, resistance is lowered to the 1.3400 level. Regaining this will return focus to the upside for retest of the 1.3450 high and see scope to further extend gains from the 1.3140, June current year low.