Published: 2026-08-19T01:29:01.000Z
Chart GBP/USD Update: Leaning lower in consolidation
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Limited on break above resistance at the 1.3550/58 July high as prices unwind overbought intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3500 | * | congestion | |
| R3 | 1.3650/58 | ** | congestion, May high | S2 | 1.3475 | * | 13 Aug low | |
| R2 | 1.3600 | * | congestion | S3 | 1.3450 | * | congestion | |
| R1 | 1.3550/58 | ** | congestion, 15 Jul high | S4 | 1.3400 | ** | congestion |
Asterisk denotes strength of level
01:25 GMT - Limited on break above resistance at the 1.3550/58 July high as prices unwind overbought intraday and daily studies and see room to correct recent strong gains from the 1.3275 late-July low. Pullback from the 1.3571 high see support starting at 1.3500/1.3475 congestion and 13 August low. Break here will open up room for deeper pullback to the 1.3450 congestion then 1.3400 level which should limit corrective pullback. Meanwhile, resistance at the 1.3550/58 area now expected to cap. A later break here will turn focus to the 1.3600 level then the 1.3650 congestion and May high.