Published: 2026-06-16T01:55:41.000Z
Chart GBP/USD Update: Limited gains, but room for higher later
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Settled back in consolidation from test of resistance at the 1.3450 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | 17 Apr high, congestion | S1 | 1.3350 | * | congestion | |
| R3 | 1.3550 | * | congestion, channel | S2 | 1.3300 | ** | May low | |
| R2 | 1.3485/00 | ** | 29 May high, congestion | S3 | 1.3250 | * | congestion | |
| R1 | 1.3450 | * | congestion | S4 | 1.3200 | congestion |
Asterisk denotes strength of level
01:50 GMT - Settled back in consolidation from test of resistance at the 1.3450 congestion. Daily studies are unwinding oversold readings and suggest scope for break here to to extend bounce from the 1.3305 low of last week. Clearance will see room for extension to strong resistance at the 1.3485/1.3500 area. Break here will revive upside focus and open up room towards 1.3600/50, April/May highs. Menwhile, support at the 1.3350 congestion should underpin and sustain bounce from the 1.3300 May low.