Published: 2026-06-03T01:22:38.000Z
Chart GBP/USD Update: Extend consolidation within 1.3500/1.3400
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Back in consolidation within the 1.3500/1.3400 area following bounce from the 1.3367 low last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650 | ** | congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600 | ** | 17 Apr high, congestion | S2 | 1.3350 | * | congestion | |
| R2 | 1.3550 | * | congestion | S3 | 1.3300 | ** | May low, congestion | |
| R1 | 1.3500 | ** | 12 May low, congestion | S4 | 1.3250 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Back in consolidation within the 1.3500/1.3400 area following bounce from the 1.3367 low last week. However, further ranging action remains in focus and only break above strong resistance at the 1.3500/09 congestion and high of last week will open up room for stronger gains to 1.3550/1.3600 area. Meanwhile, support remains at the 1.3400 level and this extend to the 1.3367 low. Break here will return focus to the downside for retest of strong support at the 1.3350 congestion then the 1.3300 May low.