Published: 2026-07-23T01:54:39.000Z
Chart GBP/USD Update: Consolidating but still heavy
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Steadied at the 1.3350/42 congestion and 13 July low as prices unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3550/58 | ** | congestion, 15 Jul high | S1 | 1.3342 | * | 13 Jul low | |
| R3 | 1.3500 | * | congestion | S2 | 1.3300 | ** | May low | |
| R2 | 1.3450 | * | congestion | S3 | 1.3250 | * | congestion | |
| R1 | 1.3400 | * | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Steadied at the 1.3350/42 congestion and 13 July low as prices unwind oversold intraday studies. However, negative daily suggest scope for break here later to extend pullback from the 1.3558 mid-July high. Lower will see room to strong support at 1.3300 May low where reaction is expected. Meanwhile, resistance is lowered to the 1.3400/1.3450 congestion area. This area is expected to cap corrective bounce. Would need to regain these to ease the downside pressure and return focus to the upside for retest of the 1.3500 level and 1.3558 high.