Published: 2026-01-21T08:29:31.000Z
Chart GBP/USD Update: Consolidating choppy trade
1
Little change, as prices extend consolidation beneath congestion around 1.3450
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3555 | ** | 76.4% ret of Sep-Nov fall | S2 | 1.3350 | * | congestion lows | |
| R2 | 1.3500 | * | congestion | S3 | 1.3300 | * | congestion | |
| R1 | 1.3450 | congestion | S4 | 1.3200 | ** | congestion |
Asterisk denotes strength of level
08:10 GMT - Little change, as prices extend consolidation beneath congestion around 1.3450. Intraday studies are falling, suggesting potential for a pullback towards congestion support at 1.3400. But oversold daily stochastics are rising, unwinding positive divergence, and the daily Tension Indicator is also edging higher, suggesting any tests could give way to renewed buying interest. In the coming sessions, a break back above 1.3450 cannot be ruled out. But deteriorating weekly charts should prompt renewed selling interest/consolidation towards congestion around 1.3500.