Published: 2026-10-26T02:08:45.000Z
Chart GBP/USD Update: Consolidating below 1.3400
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Settled back from test of the 1.3400 level as prices consolidate strong gains from the 1.3140 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500 | * | congestion | S1 | 1.3350 | * | congestion | |
| R3 | 1.3475 | ** | 2 Sep low | S2 | 1.3300 | ** | congestion | |
| R2 | 1.3450 | * | congestion | S3 | 1.3273 | * | 28 Jul low | |
| R1 | 1.3400 | ** | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Settled back from test of the 1.3400 level as prices consolidate strong gains from the 1.3140 support. Daily studies are stretched and caution corrective pullback with support starting at 1.3350 congestion. Below this will open up room for deeper pullback to the strong support at the 1.3300/1.3273 congestion and 28 July low which is expected to underpin. Bullish gains from the 1.3140 is expected to give way to renewed strength later. Above the 1.3400 level will see room for extension to strong resistance at the 1.3450/1.3475, congestion area and low of 2 September.