Published: 2026-07-21T01:55:47.000Z
Chart GBP/USD Update: Consolidating above 1.3400
1
Lower in consolidation from the 1.3558 high as prices retrace strong gains from the 1.3442 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650 | ** | May high | S1 | 1.3400 | ** | congestion | |
| R3 | 1.3600 | * | congestion | S2 | 1.3342 | * | 13 Jul low | |
| R2 | 1.3550/58 | ** | congestion, 15 Jul high | S3 | 1.3300 | ** | May low | |
| R1 | 1.3500 | * | congestion | S4 | 1.3350 | ** | congestion |
Asterisk denotes strength of level
01:50 GMT - Lower in consolidation from the 1.3558 high as prices retrace strong gains from the 1.3442 low of last week to approach strong support at the 1.3400 level. Consolidation is expected to give way to renewed buying interest later with resistance lowered to the 1.3450/1.3500 congestion area. Regaining these will return focus to the 1.3558 high. Clearance here will further extend the June gains and turn focus to the 1.3650, May highs. Meanwhile, support at the 1.3400 congestion is expected to underpin. Only below here will open up room for deeper pullback to the 1.3342/1.3300 area.