Published: 2026-09-04T02:16:52.000Z
Chart GBP/USD Update: Higher in consolidation
-
Higher in consolidation from the 1.3475 low as daily studies turn up to unwind oversold readings
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3475 | * | 13 Aug low, 50% | |
| R3 | 1.3650/75 | ** | congestion, Aug high | S2 | 1.3450 | ** | congestion | |
| R2 | 1.3600 | * | congestion | S3 | 1.3430 | * | 61.8% 28 Jul/Aug rally | |
| R1 | 1.3550 | * | congestion | S4 | 1.3400 | * | congestion |
Asterisk denotes strength of level
02:10 GMT - Higher in consolidation from the 1.3475 low as daily studies turn up to unwind oversold readings. Nearby see resistance at 1.3550 congestion. Regaining this needed to revive upside focus and see scope for retest of the 1.3600 level then the 1.3650/75, May/August highs. Clearance here will open up room for extension of gains from the 1.3140, June low. Meanwhile, support at the 1.3500/1.3475 area underpin. Failure here will open up room to further retrace recent strong gains from the 1.3275 late-July low to strong support at 1.3450 congestion and 1.3430/00 area.