Published: 2026-07-29T01:47:25.000Z
Chart GBP/USD Update: Consolidating, room for lower later
1
Break of the 1.3300 support has seen extension to 1.3273 before edging up in consolidation
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500 | * | congestion | S1 | 1.3250 | * | congestion | |
| R3 | 1.3450 | ** | congestion | S2 | 1.3200 | * | congestion | |
| R2 | 1.3400 | * | congestion | S3 | 1.3140 | ** | 24 Jun YTD low | |
| R1 | 1.3350 | * | congestion | S4 | 1.3100 | * | congestion |
Asterisk denotes strength of level
01:45 GMT - Break of the 1.3300 support has seen extension to 1.3273 before edging up in consolidation. Daily studies are oversold but the negative weekly studies suggest consolidation at 1.3273 low giving way to renewed selling pressure later. Lower will see room for extension to the 1.3250 congestion and 1.3200 level. Below these will return focus to the 1.3160/40, late-March and the June current year lows. Meanwhile, resistance at the 1.3300/1.3350 congestion area is expected to cap and sustain losses from the mid-July high.