Published: 2026-01-26T01:59:40.000Z
Chart GBP/USD Update: Extending gains
1
Gap up at the open to reach fresh high at 1.3680 before settling back in consolidation
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3835 | * | Oct 2021 high | S1 | 1.3600 | * | congestion | |
| R3 | 1.3788 | ** | Jul 2025 year high | S2 | 1.3568 | * | 6 Jan high | |
| R2 | 1.3750 | * | congestion | S3 | 1.3533/00 | ** | Dec high, congestion | |
| R1 | 1.3700/25 | ** | congestion, Sep high | S4 | 1.3450 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Gap up at the open to reach fresh high at 1.3680 before settling back to consolidate strong gains from the 1.3340 low of last week. Positive daily and weekly studies keeps pressure on the upside and see room for extension to the 1.3700 level and 1.3725 September high. Clearance here will return focus to the 1.3788, July 2025 year high. Meanwhile, support is raised to the 1.3600 level now expected to underpin. Break will open up room for deeper pullback in consolidation to the 1.3568/33, 6 January/December highs and 1.3500 congestion.