Published: 2026-03-19T01:58:04.000Z
Chart GBP/USD Update: Under pressure, focus return to 1.3213 low
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Pressure return to the downside after bounce above the 1.3300 level was rejected at 1.3375 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3435 | * | 19 Feb low, 200-day MA | S1 | 1.3250 | * | congestion | |
| R3 | 1.3400 | * | congestion | S2 | 1.3213 | ** | 13 Mar YTD low | |
| R2 | 1.3375 | ** | 18 Mar high | S3 | 1.3200 | * | congesion | |
| R1 | 1.3300 | * | congestion | S4 | 1.3150 | congestion |
Asterisk denotes strength of level
01:50 GMT - Pressure return to the downside after bounce above the 1.3300 level was rejected at 1.3375 high. Rejection there see prices back below support at the 1.3300 level and threatens retest of the 1.3213 low. Break here will extend losses from the 1.3870 January current year high and see room to 1.3200 then the 1.3150/1.3100 congestion area. Lower still, will see room to retest 1.3038/1.3010 lows of November. Meanwhile, resistance is lowered to the 1.3300 congestion which extend to the 1.3375 lower high. This area expected to cap and keep pressure on the downside.