Published: 2026-08-27T02:00:59.000Z
Chart GBP/USD Update: Corrective pullback from 1.3675 high
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Turned lower in consolidation from the 1.3650/75 highs as prices unwind overbought daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | * | Jul 2025 yr high | S1 | 1.3558/50 | ** | Jul high, congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3500 | * | congestion | |
| R2 | 1.3650/75 | ** | congestion, 21 Aug high | S3 | 1.3475 | * | 13 Aug low | |
| R1 | 1.3600 | * | congestion | S4 | 1.3450 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Turned lower in consolidation from the 1.3650/75 highs as prices unwind overbought daily studies. Break of the 1.3600 level see room for pullback to retrace recent strong gains from the 1.3275 late-July swing low towards support at the 1.3550 congestion. Below the latter will open up room for deeper pullback to 1.3500 level. Corrective pullback is expected to give way to renewed buying interest later to extend bullish gains from the 1.3140, June current year low. Above 1.3650/75 will see room to resistance at the 1.3700/50 congestion area.