Published: 2026-04-24T01:35:54.000Z
Chart GBP/USD Update: Extending pullback from 1.3600 high
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Break of the support at the 1.3480/70 area see prices extending pullback from the 1.3600 high to reach the 1.3450 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650 | * | congestion | S1 | 1.3450 | congestion | ||
| R3 | 1.3600 | ** | 17 Apr high, 61.8% | S2 | 1.3400 | * | congestion | |
| R2 | 1.3545 | * | 20 Apr high | S3 | 1.3380 | ** | 13 Apr low | |
| R1 | 1.3500/10 | * | congestion, 6 Feb low | S4 | 1.3350 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Break of the support at the 1.3480/70 area see prices extending pullback from the 1.3600 high to reach the 1.3450 congestion. Lower will see see deeper pullback to retrace the March/April gains and see room to the 1.3400 congestion area. Corrective pullback are expected to give way to renewed buying interest later with bounce to see resistance starting at 1.3500/10 area. Clearance will open up room for retest of resistance at 1.3545 then the 1.3600 high. Break of these will further retrace the January/March losses and see room to 1.3650/1.3700 area.