Published: 2026-03-06T01:31:37.000Z
Chart GBP/USD Update: Ranging within the 1.3400/1.3300 area
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Little change, as prices extend ranging action within the 1.3400/1.3300 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3575 | ** | 26 Feb high | S1 | 1.3300 | * | congestion | |
| R3 | 1.3500/10 | ** | congestion, 6 Feb low | S2 | 1.3253 | ** | 3 Mar YTD low | |
| R2 | 1.3435 | * | 19 Feb low | S3 | 1.3215 | * | 76.4% Nov/Jan rally | |
| R1 | 1.3400 | * | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Little change, as prices extend ranging action within the 1.3400/1.3300 area. However, negative daily and weekly studies suggest consolidation here giving way to fresh selling pressure later. Break below the 1.3300 congestion will expose the 1.3253 current year low to retest and see room to extend losses from the January high towards 1.3215, 76.4% Fibonacci retracement, and the 1.3200 congestion. Meanwhile, resistance remains at the 1.3400 congestion and this extend to the 1.3435 low of 19 February. This area now expected to cap and sustain losses from the 1.3870, January current year high.