Published: 2026-05-21T01:54:03.000Z
Chart GBP/USD Update: Back to pressure 1.3450 resistance
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Bounce from the 1.3375 low has seen prices back to pressure resistance at the 1.3450 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | 17 Apr high, congestion | S1 | 1.3350 | * | congestion | |
| R3 | 1.3550 | * | congestion | S2 | 1.3300 | ** | 18 May low, congestion | |
| R2 | 1.3500 | ** | 12 May low, congestion | S3 | 1.3250 | * | congestion | |
| R1 | 1.3450 | ** | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:45 GMT - Bounce from the 1.3375 low has seen prices back to pressure resistance at the 1.3450 congestion. Break here will extend the bullish outside range from the 1.3300 support and see room to the 1.3500 level. Break above the latter will revive upside focus and see room for extension to the 1.3600 level and 1.3650 high. Meanwhile, support at the 1.3375/50 congestion area should underpin. Break here will expose the 1.3300 low to retest and further extend losses from the 1.3650 highs towards the 1.3250/1.3200 congestion area.