Published: 2026-04-28T01:34:16.000Z
Chart GBP/USD Update: Scope to extend bounce from 1.3450 support
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Extend bounce from the 1.3450 low to reach 1.3575 high before settling back in consolidation
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion, 76.4% | S1 | 1.3510/00 | * | 6 Feb low, congestion | |
| R3 | 1.3650 | * | congestion | S2 | 1.3450 | ** | congestion | |
| R2 | 1.3600 | ** | 17 Apr high, 61.8% | S3 | 1.3400 | * | congestion | |
| R1 | 1.3545 | * | 20 Apr high | S4 | 1.3380 | ** | 13 Apr low |
Asterisk denotes strength of level
01:30 GMT - Extend bounce from the 1.3450 low to reach 1.3575 high before settling back in consolidation below the 1.3545 resistance. However, consolidation here is expected to further extend bounce from the 1.3450 support to retest resistance at the 1.3600 high and 61.8% Fibonacci level. Clearance here will further retrace the January/March losses and see room for extension to the 1.3650/1.3700 area. Beyond this will return focus to the 1.3788 and 1.3869, 2025 year high and 27 Jan YTD high. Meanwhile, support at the 1.3510/00 area and extending to 1.3450 low expected to underpin.