Published: 2026-05-25T01:56:20.000Z
Chart GBP/USD Update: Extending gains
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Strong opening above resistance at the 1.3450 congestion see prices extending bullish gains from the 1.3300 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650 | ** | congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600 | ** | 17 Apr high, congestion | S2 | 1.3350 | * | congestion | |
| R2 | 1.3550 | * | congestion | S3 | 1.3300 | ** | 18 May low, congestion | |
| R1 | 1.3500 | ** | 12 May low, congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Strong opening above resistance at the 1.3450 congestion see prices extending bullish gains from the 1.3300 low of last week. Nearby see strong resistance at the 1.3500 level. Break here will revive the upside focus and see room for extension to the 1.3600 level and 1.3650 high. Beyond this will extend the broader gains from 1.3160 March current year low to the 1.3700 level and higher. Meanwhile, support is raised to the 1.3400 congestion and extending to 1.3375 low of 20 May which should underpin and sustain gains from the 1.3300 low of 18 May.