Published: 2026-08-21T02:00:41.000Z
Chart GBP/USD Update: Pressuring 1.3650/58 resistance
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Consolidation at the 1.3600 level has given way to further gains to retest 1.3650/58 congestion and May high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | * | Jul 2025 yr high | S1 | 1.3600 | * | congestion | |
| R3 | 1.3750 | * | congestion | S2 | 1.3558/50 | ** | Jul high, congestion | |
| R2 | 1.3700 | * | congestion | S3 | 1.3500 | * | congestion | |
| R1 | 1.3650/58 | ** | congestion, May high | S4 | 1.3475 | * | 13 Aug low |
Asterisk denotes strength of level
01:50 GMT - Consolidation at the 1.3600 level has given way to further gains to retest 1.3650/58 congestion and May high. Bullish momentum and positive daily and weekly studies keep pressure on the upside and see room for break here to extend the broader gains from 1.3140 June current year low. Clearance will turn focus to resistance at the 1.3700/50 congestion area. Meanwhile, support is raised to the 1.3600 level which is expected to underpin. Below here will ease the upside pressure and see room for consolidation back to the 1.3558/50 support.