Published: 2026-06-02T02:14:50.000Z
Chart GBP/USD Update: Consolidating
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Settled into consolidation around 1.3450 following bounce from the 1.3367 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650 | ** | congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600 | ** | 17 Apr high, congestion | S2 | 1.3350 | * | congestion | |
| R2 | 1.3550 | * | congestion | S3 | 1.3300 | ** | May low, congestion | |
| R1 | 1.3500 | ** | 12 May low, congestion | S4 | 1.3250 | * | congestion |
Asterisk denotes strength of level
02:10 GMT - Settled into consolidation around 1.3450 following bounce from the 1.3367 low of last week. Lack of clear direction suggest further ranging action here and only break above strong resistance at the 1.3500/09 congestion and high of last week will open up room for stronger gains to 1.3550/1.3600 area. Meanwhile, support remains at the 1.3400 level and this extend to the 1.3367 low. Break here will return focus to the downside for retest of strong support at the 1.3350 congestion then the 1.3300 May low.