Published: 2026-06-24T02:04:10.000Z
Chart GBP/USD Update: Consolidating, but still heavy
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Turned up from retest of the 1.3160 March current year low as prices consolidate sharp losses last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | * | congestion | S1 | 1.3160 | ** | 31 Mar YTD low | |
| R3 | 1.3350 | congestion | S2 | 1.3140 | * | congestion | ||
| R2 | 1.3300 | ** | congestion, May low | S3 | 1.3100 | * | congestion | |
| R1 | 1.3250 | * | congestion | S4 | 1.3010 | ** | 4 Nov low |
Asterisk denotes strength of level
02:00 GMT - Turned up from retest of the 1.3160 March current year low as prices consolidate sharp losses last week. However, bearish momentum keep pressure on the downside and break lower cannot be ruled out to extend losses from the January high. Lower will see room to the 1.3140 support then the 1.3100 level. Meanwhile, resistance remains at the 1.3250 congestion and this extend to 1.3300 May low. Would need to regain the latter to fade the downside pressure and open up room for stronger recovery to 1.3350/1.3400 area.