Published: 2026-10-27T02:02:37.000Z
Chart GBP/USD Update: Extending corrective pullback
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Under pressure, as prices extend pullback from test of the 1.3400 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500 | * | congestion | S1 | 1.3300 | ** | congestion | |
| R3 | 1.3475 | ** | 2 Sep low | S2 | 1.3273 | * | 28 Jul low | |
| R2 | 1.3450 | * | congestion | S3 | 1.3180 | * | congestion | |
| R1 | 1.3400 | ** | congestion | S4 | 1.3140/37 | ** | Jun, 14 Oct YTD lows |
Asterisk denotes strength of level
02:00 GMT - Under pressure, as prices extend pullback from test of the 1.3400 level. Intraday and daily studies have turned down to unwind overbought readings and break of support at the 1.3350 congestion opens up room for deeper pullback to the strong support at the 1.3300/1.3273 congestion and 28 July low which is expected to underpin. Corrective pullback is expected to give way to fresh buying interest later to extend bullish gains from the 1.3137 low. Above the 1.3400 level will see room for extension to strong resistance at the 1.3450/1.3475, congestion area and low of 2 September.