Published: 2026-03-23T01:58:26.000Z
Chart GBP/USD Update: Extend choppy gains from 1.3213 low
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Extend choppy gains above the 200-day MA at 1.3435 but gains not sustained
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | congestion | S1 | 1.3300 | * | congestion | |
| R3 | 1.3575 | * | 26 Feb high | S2 | 1.3250 | * | congestion | |
| R2 | 1.3500/10 | ** | congestion, 6 Feb low | S3 | 1.3213 | ** | 13 Mar YTD low | |
| R1 | 1.3435 | * | 200-day MA | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Extend choppy gains above the 200-day MA at 1.3435 but gains not sustained. Rejection from the 1.3465 high has seen sharp pullback to retest support at the 1.3300 congestion. Break here, if seen, will expose support at 1.3250 congestion and 1.3213, 13 March YTD low to retest. Break here will further extend losses from the January current year high. Meanwhile, resistance remains at 1.3435, 200-day MA. Close above here needed to see room to open up room to strong resistance at the 1.3500/10 congestion and low of 6 February which is expected to cap.