Published: 2026-03-31T02:02:52.000Z
Chart GBP/USD Update: Consolidating losses to 1.3160 low
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Break to fresh low has seen losses to 1.3160 before turning up to consolidate at the 1.3200 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | ** | congestion | S1 | 1.3160 | ** | 31 Mar YTD low | |
| R3 | 1.3350 | * | congestion | S2 | 1.3140 | * | May, Aug lows | |
| R2 | 1.3300 | * | congestion | S3 | 1.3100 | * | congestion | |
| R1 | 1.3250 | * | congestion | S4 | 1.3038/10 | ** | 20, 4 Nov lows |
Asterisk denotes strength of level
02:00 GMT - Break to fresh low has seen losses to 1.3160 before turning up to consolidate at the 1.3200 level. Prices are unwinding oversold intraday studies but pressure remains on the downside and see scope to further extend losses from the January high. Lower will see scope to the 1.3140 support and 1.3100 congestion. Meanwhile, resistance is lowered to the 1.3250/1.3300 congestion area which is expected to cap. Regaining the 1.3300 level will ease the downside pressure and see room for strong gains to the 1.3400 congestion.