Published: 2026-01-16T02:04:08.000Z
Chart GBP/USD Update: Room to extend losses from 1.3568 high
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Consolidation above support at the 1.3400/1.3390 area has given way to fresh selling pressure to extend losses from the 1.3568
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | congestion | S1 | 1.3350 | * | congestion | |
| R3 | 1.3568 | ** | 6 Jan YTD high | S2 | 1.3300 | * | congestion | |
| R2 | 1.3500 | * | congestion | S3 | 1.3275/50 | * | congestion | |
| R1 | 1.3450 | * | congestion | S4 | 1.3215/00 | ** | 13 Nov high, congestion |
Asterisk denotes strength of level
02:00 GMT - Consolidation above support at the 1.3400/1.3390 area has given way to fresh selling pressure to extend losses from the 1.3568, 6 January high. Negative intraday and daily studies weighs and see room for deeper pullback to retrace gains from the 1.3010 November low. Lower will see room for extension to support at the 1.3350/1.3300 congestion area. Meanwhile, resistance at the 1.3450/1.3500 congestion area is expected to cap. Would take break here to clear the way for retest of the 1.3568 high and see room for extension to resistance at the 1.3600 level.