Published: 2026-01-23T01:58:05.000Z
Chart GBP/USD Update: Pressuring 1.3500 level, break in focus
1
Turned up in consolidation from the 1.3400 support to retest resistance at the 1.3500 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3725 | ** | Sep high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600/50 | * | congestion | S2 | 1.3340 | ** | 19 Jan low | |
| R2 | 1.3568 | ** | 6 Jan YTD high | S3 | 1.3300 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3275/50 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Turned up in consolidation from the 1.3400 support to retest resistance at the 1.3500 congestion. Positive daily studies keeps pressure on the upside and clearance here will open up room for retest of the 1.3568 high. Clearance here will extend the broader gains from the November low and see room for extension to the 1.3600/50 congestion. Beyond this will return focus to the 1.3725 and 1.3788, September and July 2025 year high. Meanwhile, support at 1.3400 level should underpin and sustain gains from the 1.3340 Monday's low.