Published: 2026-01-06T01:59:40.000Z
Chart GBP/USD Update: Extend November gains
2
Rebound above the 1.3400 level has seen gains through the 1.3500 level and the 1.3535 December high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | Jul 2025 year high | S1 | 1.3450 | * | congestion | |
| R3 | 1.3726 | ** | Sep high | S2 | 1.3400 | ** | 31 Dec low | |
| R2 | 1.3600 | * | congestion | S3 | 1.3300 | * | congestion | |
| R1 | 1.3555 | * | 76.4% Sep/Nov fall | S4 | 1.3215/00 | ** | 13 Nov high, congestion |
Asterisk denotes strength of level
01:50 GMT - Rebound above the 1.3400 level has seen gains through the 1.3500 level and the 1.3535 December high to extend gains from the 1.3010, November low. Daily studies have turned positive and suggest scope to the nearby resistance at 1.3555, 76.4% Fibonacci level. Higher still, will see room to the 1.3600 level. Break above the latter will return focus to the September high at 1.3726 then 1.3788, July 2025 year high. Meanwhile, support is raised to the 1.3450 congestion and this extend to the 1.3400 level. This area now expected to underpin and sustain gains from the 1.3010 low.