Published: 2026-05-12T01:30:43.000Z
Chart GBP/USD Update: Choppy trade pressuring 1.3600/50 resistance
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Higher in choppy trade above support at the 1.3512/00 congestion to retest strong resistance at the 1.3600/50 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3869 | ** | 27 Jan YTD high | S1 | 1.3512/00 | * | 4 May low, congestion | |
| R3 | 1.3788 | ** | Jul 2025 year high | S2 | 1.3450 | ** | 23 Apr low, congestion | |
| R2 | 1.3700 | * | congestion | S3 | 1.3400 | * | congestion | |
| R1 | 1.3650 | ** | congestion | S4 | 1.3350 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Higher in choppy trade above support at the 1.3512/00 congestion to retest strong resistance at the 1.3600/50 area. Break here is needed to open up room for stronger gains to retrace the January/April losses and see room to resistance at the 1.3700 level. Clearance here will return focus to 1.3788 and 1.3869, July 2025 and January current year highs. Meanwhile, support remains at the 1.3512/00 congestion area should underpin and sustain bullish gains from the 1.3160 current year low of 31 March.