Published: 2026-04-15T02:06:07.000Z
Chart GBP/USD Update: Consolidating below 1.3600, room for higher later
-
Settled back in consolidation just beneath the 1.3600 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | Jul 2025 yr high | S1 | 1.3510/00 | * | 6 Feb low, congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3480 | * | congestion | |
| R2 | 1.3650 | * | congestion | S3 | 1.3400 | * | congestion | |
| R1 | 1.3600 | * | congestion | S4 | 1.3380 | ** | 13 Apr low |
Asterisk denotes strength of level
02:00 GMT - Settled back in consolidation just beneath the 1.3600 level as prices unwind overbought intraday and daily studies following strong gains from 1.3175 low of last week. Pullback see support at the 1.3510/00 congestion area and extending to 1.3480 previous highs. This area should underpin and sustain strong gains from the 1.3160, 31 March YTD low. Break above the 1.3600 level will further retrace the January/March losses and see room to 1.3650/1.3700 area. Beyond this will return focus to 13788 and 1.3869, 2025 year high and January high.