Published: 2026-04-06T02:02:03.000Z
Chart GBP/USD Update: Under pressure
1
Under pressure as break of the 1.3200 level expose the 1.3160 low of last week to retest
| 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 | 1.3040/10 | ** | Nov lows |
Asterisk denotes strength of level
02:00 GMT - Under pressure as break of the 1.3200 level expose the 1.3160 low of last week to retest following rejection beneath resistance at the 1.3250 congestion. Bearish structure from the January high threatens break lower retest support at 1.3140 and 1.3100 level. Below this will expose the 1.3010 November low to retest. Meanwhile, resistance is lowered to the 1.3250/1.3300 congestion area which is expected to cap. Would need to regain this to ease the downside pressure and set up scope for stronger bounce to retest resistance at 1.3400 and the 1.3480, March lower high.