Published: 2026-08-12T01:32:47.000Z
Chart GBP/USD Update: Range-bound in consolidation
1
Holds a narrow range as prices settled back in consolidation from the 1.3530 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650/58 | ** | congestion, May high | S1 | 1.3450 | * | congestion | |
| R3 | 1.3600 | * | 17 Apr high, congestion | S2 | 1.3400 | ** | congestion | |
| R2 | 1.3558 | ** | 15 Jul high | S3 | 1.3350 | * | congestion | |
| R1 | 1.3530 | 10 Aug high | S4 | 1.3300 | ** | May low |
Asterisk denotes strength of level
01:30 GMT - Holds a narrow range as prices settled back in consolidation from the 1.3530 high. Daily studies have turned mixed at overbought areas and caution corrective pullback to support at the 1.3450/1.3400 area which should underpin and sustain bullish gains from the 1.3275, July low. Would take break here will open up room for deeper correction to the 1.3350/00 congestion and May low. Break above the 1.3530 high, if seen, will open up room for extension to retest strong resistance at the 1.3550/58 congestion and mid-July high where reaction is expected.