Published: 2026-08-07T01:57:49.000Z
Chart GBP/USD Update: Extend consolidation below 1.3500
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Little change, as prices extend consolidation below the 1.3500 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650/58 | ** | congestion, May high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600 | * | 17 Apr high, congestion | S2 | 1.3350 | * | congestion | |
| R2 | 1.3558 | ** | 15 Jul high | S3 | 1.3300 | ** | May low, congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3275 | ** | 28 Jul low |
Asterisk denotes strength of level
01:50 GMT - Little change, as prices extend consolidation below the 1.3500 level. Shallow pullback keep focus on upside and see room for break later to extend gains from the 1.3275 low of last week. Above the 1.3500 level will open up room for retest of the 1.3550/58 congestion and mid-July high. Clearance here will extend the broader gains from the June current year low and see scope to retest the 1.3650/58, May highs. Meanwhile, support at the 1.3400 level underpin. Would take break here will open up room for deeper correction to support at the 1.3350/00 congestion and May low.