Published: 2026-08-26T01:52:18.000Z
Chart GBP/USD Update: Consolidating
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Little change, as prices extend consolidation beneath the Friday's 1.3675 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 | 1.3650/75 | * | congestion, 21 Aug high | S4 | 1.3475 | * | 13 Aug low |
Asterisk denotes strength of level
01:45 GMT - Little change, as prices extend consolidation beneath the Friday's 1.3675 high. Bullish structure keeps pressure on the upside and further gains cannot be ruled out. Above the 1.3650/75 resistance will extend the June gains and see room for extension to resistance at the 1.3700/50 congestion area. Meanwhile, support is at the 1.3600 level. Would take break here to ease the upside pressure and open up room for deeper pullback to retrace recent strong gains from the 1.3275 late-July swing low towards support at the 1.3550 congestion and 1.3500 level.