Published: 2026-02-03T01:21:28.000Z
Chart GBP/USD Update: Consolidating test of 1.3650/00 support
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Steadied at the 1.3650/00 support as prices consolidate pullback from the 1.3869 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3900/10 | * | congestion, Sep 2021 high | S1 | 1.3650 | * | congestion | |
| R3 | 1.3869 | ** | 27 Jan YTD high | S2 | 1.3600 | * | congestion | |
| R2 | 1.3788/00 | * | Jul high, congestion | S3 | 1.3568 | ** | 6 Jan high | |
| R1 | 1.3700 | * | congestion | S4 | 1.3500 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Steadied at the 1.3650/00 support as prices consolidate pullback from the 1.3869 high. Daily studies are tracking lower and deeper pullback cannot be ruled out. Below the 1.3623 low will see room for deeper correction to the 1.3600/1.3568 congestion and 6 January high. Correction is expected to give way to renewed buying interest later with resistance now lowered to the 1.3700/50 area. Regaining this will return focus to the upside for retest of the 1.3800 level then the 1.3869 January high. Clearance here will extend the broader gains from 2022 year low.