Published: 2026-05-20T01:45:27.000Z
Chart GBP/USD Update: Leaning lower in consolidation
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Settling back from the outside range high at 1.3450 as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | 17 Apr high, congestion | S1 | 1.3350 | * | congestion | |
| R3 | 1.3550 | * | congestion | S2 | 1.3300 | ** | 18 May low, congestion | |
| R2 | 1.3500 | ** | 12 May low, congestion | S3 | 1.3250 | * | congestion | |
| R1 | 1.3450 | ** | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:35 GMT - Settling back from the outside range high at 1.3450 as prices unwind overbought intraday studies. Pullback see room to support at the 1.3350 congestion and 1.3300 Monday's low. Below this will further extend losses from the 1.3650 highs and open up room for extension to 1.3250/1.3200 congestion area. Below this will see room to retest 1.3160, 31 March current year low. Meanwhile, resistance at 1.3450 expected to cap. Would need to clear this to open up room for extension to strong resistance at the 1.3500 level.