Published: 2026-08-14T02:06:16.000Z
Chart GBP/USD Update: Leaning lower in consolidation
2
Extending pullback from the 1.3545 mid-week as prices consolidation bullish gains from the 1.3275 low of 28 July
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650/58 | ** | congestion, May high | S1 | 1.3450 | * | congestion | |
| R3 | 1.3600 | * | 17 Apr high, congestion | S2 | 1.3400 | ** | congestion | |
| R2 | 1.3550/58 | ** | congestion, 15 Jul high | S3 | 1.3350 | * | congestion | |
| R1 | 1.3500 | congestion | S4 | 1.3300 | ** | May low |
Asterisk denotes strength of level
02:00 GMT - Extending pullback from the 1.3545 mid-week as prices consolidation bullish gains from the 1.3275 low of 28 July. Daily studies are unwinding overbought readings and break below the 1.3500 level opens up room for corrective pullback to support at the 1.3450/1.3400 area which is expected to underpin and sustain bullish gains from the 1.3275, July low. Would take break here to fade the upside pressure and turn focus to the 1.3350/00 congestion and May low. Meanwhile, resistance is lowered to 1.3500 level. A later break here will expose the 1.3545/58 highs to retest.