Published: 2026-05-22T01:22:35.000Z
Chart GBP/USD Update: Extend consolidation below 1.3450
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Little change, as prices extend consolidation below resistance at the 1.3450 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | 17 Apr high, congestion | S1 | 1.3375 | 20 May low | ||
| R3 | 1.3550 | * | congestion | S2 | 1.3350 | * | congestion | |
| R2 | 1.3500 | ** | 12 May low, congestion | S3 | 1.3300 | ** | 18 May low, congestion | |
| R1 | 1.3450 | ** | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:15 GMT - Little change, as prices extend consolidation below resistance at the 1.3450 congestion. Bullish outside range from the Monday's low at 1.3300 keep pressure on the upside and break here will see room to the 1.3500 level. Break above the latter will revive upside focus and see room for extension to the 1.3600 level and 1.3650 high. Meanwhile, support at the 1.3375/50 congestion area should underpin. Failure here will expose the 1.3300 low to retest and see scope to extend losses from the 1.3650 highs towards the 1.3250/1.3200 congestion area.