Published: 2026-04-13T01:58:02.000Z
Chart GBP/USD Update: Extending pullback from 1.3480 high
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Gapped down at the open see prices settling back in consolidation below the 200-day MA at 1.3410
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3575 | 26 Feb high | S1 | 1.3350 | * | congestion | ||
| R3 | 1.3500/10 | ** | congestion, 6 Feb low | S2 | 1.3300 | * | congestion | |
| R2 | 1.3480 | ** | Mar high | S3 | 1.3250 | * | congestion | |
| R1 | 1.3410 | * | 200-day MA | S4 | 1.3210/00 | * | 13 Mar low, congestion |
Asterisk denotes strength of level
01:50 GMT - Gapped down at the open see prices settling back in consolidation below the 200-day MA at 1.3410 as intraday studies unwind overbought readings. Daily chart are stretched as well and highlight scope for deeper pullback from the 1.3480 high to retrace gains from the 1.3160 March current year low. Lower will see room for pullback to strong support at the 1.3350 congestion then the 1.3300 level. Meanwhile, resistance is at the 200-day MA at 1.3410 which is expected to cap and sustain pullback from the 1.3480 high.