Published: 2026-09-10T01:57:49.000Z
Chart GBP/USD Update: Extending bounce from 1.3475 support
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Still limited above the 1.3550 resistance but pressure remains on the upside following bounce from the 1.3475 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion | S1 | 1.3500 | * | congestion | |
| R3 | 1.3650/75 | ** | congestion, Aug high | S2 | 1.3475 | ** | 13 Aug low, 50% | |
| R2 | 1.3600 | * | congestion | S3 | 1.3450 | * | congestion | |
| R1 | 1.3550 | * | congestion | S4 | 1.3430 | * | 61.8% 28 Jul/Aug rally |
Asterisk denotes strength of level
02:00 GMT - Still limited above the 1.3550 resistance but pressure remains on the upside following bounce from the 1.3475 support. Positive daily studies suggest scope for push higher to retest the 1.3600 level then the 1.3650/75, May/August highs. Above these will extend the June gains and see room to target 1.3700. Meanwhile, support at the 1.3500/1.3475 area should underpin. Failure here will open up room for deeper pullback to retrace recent strong gains from the 1.3275 late-July low to strong support at 1.3450 congestion and the 1.3430/00 area.