Published: 2026-07-29T07:29:05.000Z
Chart GBP/USD Update: Consolidating recent losses
1
Little change, as prices extend cautious trade around congestion resistance at 1.3300
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500 | * | congestion | S1 | 1.3250 | intraday break level | ||
| R3 | 1.3400 | ** | congestion | S2 | 1.3200 | ** | congestion | |
| R2 | 1.3350 | * | congestion | S3 | 1.3140 | ** | 24 Jun YTD low | |
| R1 | 1.3300 | ** | congestion | S4 | 1.3100 | * | congestion |
Asterisk denotes strength of level
08:10 BST - Little change, as prices extend cautious trade around congestion resistance at 1.3300. Intraday studies are rising and oversold daily stochastics are flat, suggesting potential for a test above here. But the bearish daily Tension Indicator and deteriorating weekly charts should limit scope in renewed selling interest/consolidation beneath further congestion around 1.3350. Following cautious/corrective trade, fresh losses are looked for. Support remains at 1.3250. But any immediate break should give way to consolidation above congestion support at 1.3200.