Published: 2026-06-05T07:31:29.000Z
Chart GBP/USD Update: Consolidating
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Little change, as prices extend cautious trade within the 1.3400 - 1.3450 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | congestion | S1 | 1.3400 | ** | congestion | |
| R3 | 1.3550 | * | congestion | S2 | 1.3367 | * | 28 May (w) low | |
| R2 | 1.3500 | ** | congestion | S3 | 1.3300 | ** | congestion | |
| R1 | 1.3450 | break level | S4 | 1.3275 | ** | 76.4% ret of Mar-May rally |
Asterisk denotes strength of level
08:10 BST - Little change, as prices extend cautious trade within the 1.3400 - 1.3450 range. Improving intraday studies are putting immediate focus on resistance at 1.3450. But negative daily readings should limit any break in renewed selling interest beneath congestion around 1.3500. Meanwhile, support remains at congestion around 1.3400. A later break will open up the 1.3367 weekly low of 28 May, where mixed weekly charts should prompt fresh consolidation. A close beneath here, however, will add weight to sentiment and open up a test of congestion around 1.3300.