Published: 2026-09-18T01:59:50.000Z
Chart GBP/USD Update: Consolidating, but still heavy
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Edged up from test of the 1.3350/45 support as prices unwind oversold intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500 | * | congestion | S1 | 1.3350/45 | * | congestion, 61.8% | |
| R3 | 1.3475 | ** | 2 Sep low | S2 | 1.3300 | ** | congestion | |
| R2 | 1.3450 | * | congestion | S3 | 1.3273 | * | 28 Jul low | |
| R1 | 1.3400 | * | congestion | S4 | 1.3250 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Edged up from test of the 1.3350/45 support as prices unwind oversold intraday and daily studies and consolidate sharp losses from the 1.3568 high of last week. Resistance is at the 1.3400 level and regaining this needed to ease the downside pressure and see room for stronger bounce to retest previous support turned resistance at 1.3450/75 area. Meanwhile, break of the 1.3350/45 support will further extend losses from the 1.3675 August high towards support at the 1.3300 level and 1.3273, late-July low.