Published: 2026-06-26T02:08:36.000Z
Chart GBP/USD Update: Consolidating at 1.3140 fresh year low
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Turned up in consolidation from support at 1.3140 fresh year low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | * | congestion | S1 | 1.3160 | * | Mar low | |
| R3 | 1.3350 | congestion | S2 | 1.3140 | ** | 24 Jun YTD low | ||
| R2 | 1.3300 | ** | congestion, May low | S3 | 1.3100 | * | congestion | |
| R1 | 1.3200/50 | * | congestion | S4 | 1.3010 | ** | 4 Nov low |
Asterisk denotes strength of level
02:00 GMT - Turned up in consolidation from support at 1.3140 fresh year low. Intraday and daily studie have turned up from oversold areas and suggest scope for corrective bounce to resistance at 1.3200/50 congestion area. Above here will open up room for stronger recovery to resistance to strong resistance at the 1.3300 May low. Meanwhile, support at the 1.3140 low should underpin. Break here will see room to further extend the January losses to 1.3100 congestion. Lower still, if seen, will turn focus to 1.3010, November low.