Published: 2026-09-11T01:56:59.000Z
Chart GBP/USD Update: Bear flag threatens
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Failure to clear the 1.3550 resistance see prices settling back from the 1.3568 high to retest 1.3500 and threatens a bear flag pattern
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3500 | * | congestion | |
| R3 | 1.3650/75 | ** | congestion, Aug high | S2 | 1.3475 | ** | 13 Aug low | |
| R2 | 1.3600 | * | congestion | S3 | 1.3450 | * | congestion | |
| R1 | 1.3550 | * | congestion | S4 | 1.3405/00 | * | 50% Jun/Aug rally, congestion |
Asterisk denotes strength of level
01:50 GMT - Failure to clear the 1.3550 resistance see prices settling back from the 1.3568 high to retest 1.3500 and threatens a bear flag pattern. Negative weekly studies suggest scope for break here and the 1.3475 support to open up room for deeper pullback to retrace the June/August gains. Lower will see room to 1.3450 congestion then the 1.3405, 50% Fibonacci level. Meanwhile, resistance at the 1.3550/68 congestion and mid-week high now expected to cap. Clearance here needed to revive upside focus and see room to the 1.3600 level then the 1.3650/75, May/August highs.