Published: 2026-03-10T02:04:17.000Z
Chart GBP/USD Update: Room for stronger recovery
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Limited below the 1.3300 level and subsequent bounce to regain the 1.3400 level signal a bullish outside range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3575 | ** | 26 Feb high | S2 | 1.3300 | * | congestion | |
| R2 | 1.3500/10 | ** | congestion, 6 Feb low | S3 | 1.3253 | ** | 3 Mar YTD low | |
| R1 | 1.3450 | * | congestion | S4 | 1.3215 | * | 76.4% Nov/Jan rally |
Asterisk denotes strength of level
01:55 GMT - Limited below the 1.3300 level and subsequent bounce to regain the 1.3400 level signal a bullish outside range and suggest room for stronger recovery ahead. Above 1.3450 congestion will open up room for extension to strong resistance at the 1.3500/10 congestion and 6 February low. Clearance here will return focus to the upside and see room to 1.3575 and 1.3600 level. Meanwhile, support is raised to the 1.3400 level which should underpin and sustain bounce from support at the 1.3300/1.3253 area.