Published: 2026-05-13T01:42:33.000Z
Chart GBP/USD Update: Leaning lower from the 1.3650 resistance
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Leaning lower in choppy trade following rejection from strong resistance at the 1.3650 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | Jul 2025 year high | S1 | 1.3512/00 | * | 4 May low, congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3450 | ** | 23 Apr low, congestion | |
| R2 | 1.3650 | ** | congestion | S3 | 1.3400 | * | congestion | |
| R1 | 1.3600 | * | congestion | S4 | 1.3350 | * | congestion |
Asterisk denotes strength of level
01:35 GMT - Leaning lower in choppy trade following rejection from strong resistance at the 1.3650 congestion. Pullback see support at the 1.3512/00 congestion area. Would take break here to expose the 1.3450 low of 23 April to retest. Break here, if seen, will open up room for deeper pullback to retrace gains from the 1.3160, current year low of 31 March. Consolidation is expected to give way to renewed buying pressure later to retest the 1.3600/50 highs and where break will open up room for stronger gains to retrace the January/April losses.