Published: 2026-05-11T07:38:39.000Z
Chart GBP/USD Update: Further consolidation
3
The test above congestion resistance at 1.3600 has met selling interest beneath further congestion around 1.3660
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3733 | * | 4 Feb (m) high | S1 | 1.3550 | * | congestion | |
| R3 | 1.3700 | ** | 76.4% ret of Jan-Mar fall | S2 | 1.3500 | ** | congestion | |
| R2 | 1.3660 | * | congestion | S3 | 1.3470 | * | 38.2% ret of Mar-May rally | |
| R1 | 1.3600 | * | congestion | S4 | 1.3450 | break level |
Asterisk denotes strength of level
08:10 BST - The test above congestion resistance at 1.3600 has met selling interest beneath further congestion around 1.3660, with prices once again balanced in cautious trade around 1.3600. Flat daily readings are leaning lower, suggesting room for a drift down to congestion support at 1.3550. But rising weekly charts should limit any break in renewed consolidation above support within the 1.3470 Fibonacci retracement and congestion around 1.3500. Meanwhile, any immediate tests back above 1.3600 should meet renewed selling interest towards 1.3660.