Published: 2026-01-27T01:40:28.000Z
Chart GBP/USD Update: Reached 1.3700/25 resistance
1
No follow-through on break of the 1.3700 level as prices consolidate strong gains from the 1.3340 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3835 | * | Oct 2021 high | S1 | 1.3600 | * | congestion | |
| R3 | 1.3788 | ** | Jul 2025 year high | S2 | 1.3568 | ** | 6 Jan high | |
| R2 | 1.3750 | * | congestion | S3 | 1.3533/00 | ** | Dec high, congestion | |
| R1 | 1.3700/25 | ** | congestion, Sep high | S4 | 1.3450 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - No follow-through on break of the 1.3700 level as prices consolidate strong gains from the 1.3340 low of last week. Positive daily and weekly studies keeps pressure on the upside and close above the 1.3700 level and 1.3725 September high will return focus to the 1.3788, July 2025 year high. Above the latter will extend the broader gains from 2022 year low. Meanwhile, support is raised to the 1.3600 level which should underpin. Below this will open up room for deeper corrective pullback to strong support at the 1.3568/33, 6 January/December highs.