Published: 2026-09-01T02:07:36.000Z
Chart GBP/USD Update: Consolidating, room for deeper pullback
-
Steadied at the 1.3425 low as prices consolidate losses from the 1.3675, August high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | * | Jul 2025 yr high | S1 | 1.3520 | * | 38.2% 28 Jul/Aug rally | |
| R3 | 1.3700 | * | congestion | S2 | 1.3475 | * | 13 Aug low, 50% | |
| R2 | 1.3650/75 | ** | congestion, 21 Aug high | S3 | 1.3450 | ** | congestion | |
| R1 | 1.3600 | * | congestion | S4 | 1.3430/00 | * | 61.8%, congestion |
Asterisk denotes strength of level
02:00 GMT - Steadied at the 1.3425 low as prices consolidate losses from the 1.3675, August high. However, the downside still vulnerable and lower will see room for deeper pullback to retrace recent strong gains from the 1.3275, late-July low. Below 1.3425/20 low and 38.2% Fibonacci level will see room to the 1.3500 level then the strong support at 1.3475/1.3450 congestion area. Meanwhile, resistance remains at the 1.3600 congestion. Regaining this will expose the 1.3650/75 highs to retest and see room to extend gains from the 1.3140, June current year low.