Published: 2026-01-29T01:30:21.000Z
Chart GBP/USD Update: Consolidating, room for higher later
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Settled back from the 1.3869 high as prices consolidate strong gains from the 1.3340 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4100 | ** | congestion | S1 | 1.3788 | * | Jul 2025 year high | |
| R3 | 1.4000 | ** | congestion | S2 | 1.3700 | * | congestion | |
| R2 | 1.3900/10 | * | congestion, Sep 2021 high | S3 | 1.3645 | * | 23 Jan high, gap | |
| R1 | 1.3869 | ** | 27 Jan YTD high | S4 | 1.3600 | * | congestion |
Asterisk denotes strength of level
01:25 GMT - Settled back from the 1.3869 high as prices consolidate strong gains from the 1.3340 low of last week and unwind overbought intraday studies. Positive daily and weekly studies keeps pressure on the upside and consolidation is expected to give way to renewed strength to extend the broader gains from 2022 year low. Higher will see room for extension to the September 2021 high at 1.3910 then the 1.4000 figure. Meanwhile, support is raised to the 1.3788, 2025 year high, and this extend to the 1.3700 congestion which should now underpin.