Published: 2026-01-09T08:29:18.000Z
Chart GBP/USD Update: Lower towards 1.3400 - daily studies under pressure
6
Little change, as prices extend cautious trade above congestion support at 1.3400
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650 | congestion | S1 | 1.3400 | * | congestion | ||
| R3 | 1.3600 | * | congestion | S2 | 1.3350 | * | congestion lows | |
| R2 | 1.3555 | ** | 76.4% ret of Sep-Nov fall | S3 | 1.3300 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3200 | ** | break level |
Asterisk denotes strength of level
08:10 GMT - Little change, as prices extend cautious trade above congestion support at 1.3400. Negative intraday studies and deteriorating daily readings highlight room for a test beneath here. But already oversold daily stochastics and rising weekly charts are expected to limit any initial break in consolidation above 1.3350. Meanwhile, resistance remains at congestion around 1.3500 and should cap any immediate tests higher. However, a close above the 1.3555 Fibonacci retracement would turn sentiment positive and extend November gains initially towards congestion around 1.3600.