Published: 2026-07-13T01:48:12.000Z
Chart GBP/USD Update: Lower opening below 1.3400 support
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Weak start see prices gapping down at the open to extend Friday's rejection from resistance at 1.3450/75
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3550 | congestion | S1 | 1.3350 | * | congestion | ||
| R3 | 1.3500/10 | ** | congestion, 25 May high | S2 | 1.3300 | ** | May low | |
| R2 | 1.3450 | * | congestion | S3 | 1.3250/00 | congestion | ||
| R1 | 1.3400 | * | congestion | S4 | 1.3140 | ** | 24 Jun YTD low |
Asterisk denotes strength of level
01:40 GMT - Weak start see prices gapping down at the open to extend Friday's rejection from resistance at the 1.3450/75 congestion and channel top. Daily studies have turned negative and see room for deeper pullback support at the 1.3350 congestion. Failure here will turn focus to the strong support at the 1.3300 May low. Below this, will see room for deeper pullback within the channel from the January high. Meanwhile, resistance is lowered to the 1.3400 congestion which is expected to sustain pullback from the 1.3450 high.