Published: 2026-07-22T02:05:47.000Z
Chart GBP/USD Update: Extending pullback from 1.3558 high
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Under pressure as break of the 1.3400 level see prices extending pullback from the 1.3558 mid-July high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3550/58 | ** | congestion, 15 Jul high | S1 | 1.3342 | * | 13 Jul low | |
| R3 | 1.3500 | * | congestion | S2 | 1.3300 | ** | May low | |
| R2 | 1.3450 | * | congestion | S3 | 1.3250 | * | congestion | |
| R1 | 1.3400 | * | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Under pressure as break of the 1.3400 level see prices extending pullback from the 1.3558 mid-July high. Daily studies have turned lower as prices unwind overbought readings and lower will see room to support at 1.3342 then the 1.3300, May low, which is expected to underpin. Meanwhile, resistance is lowered to the 1.3400/1.3450 congestion area which is expected to cap. Would need to regain these to ease the downside pressure and return focus to the upside for retest of the 1.3500 level and 1.3558 high.