Published: 2026-10-22T01:41:28.000Z
Chart GBP/USD Update: Consolidating at the 1.3400 level
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Little change, as prices extend consolidation below the resistance at the 1.3400 level and unwind overbought intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500 | * | congestion | S1 | 1.3350 | * | congestion | |
| R3 | 1.3475 | ** | 2 Sep low | S2 | 1.3300 | ** | congestion | |
| R2 | 1.3450 | * | congestion | S3 | 1.3273 | * | 28 Jul low | |
| R1 | 1.3400 | ** | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Little change, as prices extend consolidation below the resistance at the 1.3400 level and unwind overbought intraday studies. Daily studies continues to track higher and suggest consolidation giving way to further gains later to retrace losses from the 1.3675, August high. Higher will open up room to the strong resistance at the 1.3450/1.3475 area. Meanwhile, support is raised to the 1.3350 congestion which should underpin. Below here will ease the upside pressure and see room for deeper pullback to strong support at the 1.3300/1.3273 congestion and 28 July low.