Published: 2026-01-22T01:32:45.000Z
Chart GBP/USD Update: Consolidation gains
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Lower in consolidation below resistance at the 1.3500 congestion as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3725 | ** | Sep high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600/50 | * | congestion | S2 | 1.3340 | ** | 19 Jan low | |
| R2 | 1.3568 | ** | 6 Jan YTD high | S3 | 1.3300 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3275/50 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Lower in consolidation below resistance at the 1.3500 congestion as prices unwind overbought intraday studies following strong gains from the 1.3340 Monday's low. Positive daily studies suggest consolidation giving way to renewed buying pressure later to retest the 1.3500 level. Clearance here will open up room for retest of the 1.3568 high then the 1.3600/50 congestion. Meanwhile, support is raised to 1.3400 level which should now underpin and sustain gains from the 1.3340 low. Failure here will see room for deeper pullback to retrace the November/January gains.