Published: 2026-06-01T07:26:08.000Z
Chart GBP/USD Update: Daily studies improving
2
Cautious trade has given way to a push higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3657 | ** | 1 May (m) high | S1 | 1.3450 | break level | ||
| R3 | 1.3600 | * | congestion | S2 | 1.3400 | ** | congestion | |
| R2 | 1.3550 | * | congestion | S3 | 1.3367 | * | 28 May (w) low | |
| R1 | 1.3500 | ** | congestion | S4 | 1.3300 | ** | congestion |
Asterisk denotes strength of level
08:00 BST - Cautious trade has given way to a push higher, with prices currently trading around 1.3465. Daily readings are rising and weekly stochastics are showing signs of improvement, suggesting room for a test of congestion resistance at 1.3500. A break above here will extend mid-May gains towards further congestion around 1.3550. But the flat weekly Tension Indicator could limit any initial tests in consolidation. Meanwhile, support is raised to 1.3450. A close back beneath here would turn sentiment neutral once again and give way to consolidation above congestion support at 1.3400.