Published: 2026-10-28T02:16:27.000Z
Chart GBP/USD Update: Extending pullback
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Under pressure, as prices extend pullback from the 1.3400 level as intraday and daily studies unwind overbought readings
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3475 | ** | 2 Sep low | S1 | 1.3300 | ** | congestion | |
| R3 | 1.3450 | * | congestion | S2 | 1.3273 | * | 28 Jul low | |
| R2 | 1.3400 | ** | congestion | S3 | 1.3200 | * | congestion | |
| R1 | 1.3350 | * | congestion | S4 | 1.3140/37 | ** | Jun, 14 Oct YTD lows |
Asterisk denotes strength of level
02:10 GMT - Under pressure, as prices extend pullback from the 1.3400 level as intraday and daily studies unwind overbought readings. Break of support at the 1.3350 congestion has seen extension to pressure strong support at the 1.3300/1.3273 congestion and 28 July low which is expected to underpin. Corrective pullback is expected to give way to renewed buying interest later to extend bullish gains from the 1.3137 low. Meanwhile, resistance is lowered to the 1.3350/1.3400 area. Clearance here will extend gains from the 1.3137, 14 October current year low.