Published: 2026-02-19T01:56:48.000Z
Chart GBP/USD Update: Extending January losses
6
Break of the 1.3508 support see prices extending losses from the 1.3869 January current year high through the 1.3500 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | * | Jul high | S1 | 1.3440 | * | 50% Nov/Jan rally | |
| R3 | 1.3700 | * | congestion | S2 | 1.3400 | * | congestion | |
| R2 | 1.3600/20 | ** | congestion | S3 | 1.3340 | ** | 19 Jan YTD low, 61.8% | |
| R1 | 1.3568 | * | 6 Jan high | S4 | 1.3300 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Break of the 1.3508 support see prices extending losses from the 1.3869 January current year high through the 1.3500 level. Lower will see room for deeper pullback to retrace rally from the November low to the 1.3440, 50% Fibonacci level and the 1.3400 congestion. Lower still, will see scope to retest the 1.3340, 19 January YTD low. Meanwhile, resistance is lowered to the 1.3568 early January high and this extend to strong resistance at the 1.3600/20 area, now expected to cap. Would need to regain these to fade the downside pressure.