Published: 2026-05-07T02:04:16.000Z
Chart GBP/USD Update: Pressuring 1.3600/50 resistance
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Consolidation above support at the 1.3512/00 area has given way to retest of resistance at the 1.3600/50 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | Jul 2025 year high | S1 | 1.3512/00 | * | 4 May low, congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3450 | ** | 23 Apr low, congestion | |
| R2 | 1.3650 | ** | congestion | S3 | 1.3400 | * | congestion | |
| R1 | 1.3600 | * | 17 Apr high, congestion | S4 | 1.3350 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Consolidation above support at the 1.3512/00 area has given way to retest of resistance at the 1.3600/50 area. Break here is needed to open up room for stronger gains to retrace the January/April losses. A later clearance will see room to resistance at the 1.3700 level. Beyond this will return focus to 1.3788 and 1.3869, July 2025 and January current year highs. Meanwhile, support remains at the 1.3512/00 Tuesday's low and congestion area which should underpin and sustain bullish gains from the 1.3160 March current year low.