Published: 2025-04-03T02:01:17.000Z
Chart GBP/USD Update: Extending break to fresh high
Technical Analyst
1
Consolidation below the 1.3000 level has given way to break here to extend gains from the 1.2100, January current year low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3266 | * | Aug high | S1 | 1.3000 | congestion | ||
| R3 | 1.3200 | * | congestion | S2 | 1.2950 | * | congestion | |
| R2 | 1.3142 | ** | 2023 year high | S3 | 1.2900 | * | congestion | |
| R1 | 1.3100 | * | congestion | S4 | 1.2865 | ** | 27 Mar low |
Asterisk denotes strength of level
01:50 GMT - Consolidation below the 1.3000 level has given way to break here to extend gains from the 1.2100, January current year low. Daily studies have return to the upside and follow-through above the 1.3050 resistance see room for continuation higher to the 1.3100 congestion. Higher still, will see scope to retest the 2023 year high at 1.3142 where reaction can be expected. Meanwhile, support is raised to the 1.3000 level and this should now underpin and sustain gains from the 1.2865 support.