Published: 2026-07-01T07:29:48.000Z
Chart GBP/USD Update: Cautious trade - gains to remain limited
-
The anticipated test above 1.3250 has been pushed back from 1.3275
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | ** | congestion | S1 | 1.3200 | ** | congestion | |
| R3 | 1.3350 | break level | S2 | 1.3140 | 24 Jun YTD low | |||
| R2 | 1.3300 | ** | congestion | S3 | 1.3100 | * | congestion | |
| R1 | 1.3250 | intraday break level | S4 | 1.3000/10 | ** | congestion; 4-5 Nov (m) low |
Asterisk denotes strength of level
08:10 BST - The anticipated test above 1.3250 has been pushed back from 1.3275, as intraday studies turn down, with prices currently trading around 1.3235. Both daily stochastics and the daily Tension Indicator continue to rise, highlighting room for a retest above here. But bearish weekly charts should limit scope in renewed selling interest beneath congestion resistance at 1.3300. Following cautious/corrective trade, fresh losses are looked for. Support remains at congestion around 1.3200. But a close below the 1.3140 current year low of 24 June will add weight to sentiment and put initial focus on congestion around 1.3100.