Published: 2025-04-11T02:13:40.000Z
Chart GBP/USD Update: Room for extend gains
Technical Analyst
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Extending gains from the 1.2715 support and break above the 1.3000 figure has seen extension to resistance at 1.3050 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3266 | * | Aug high | S1 | 1.2900 | * | congestion | |
| R3 | 1.3207 | ** | 3 Apr YTD high | S2 | 1.2865 | ** | 27 Mar low | |
| R2 | 1.3100/11 | * | congestion, 4 Apr high | S3 | 1.2800 | * | congestion | |
| R1 | 1.3050 | * | congestion | S4 | 1.2715 | ** | 26 Feb high |
Asterisk denotes strength of level
02:10 GMT - Extending gains from the 1.2715 support and break above the 1.3000 figure has seen extension to resistance at 1.3050 congestion. Consolidation here see prices unwinding overbought readings but this is expected to give way to fresh buying interest later. Higher will see room to the 1.3100 congestion and where break will return focus to the 1.3207 current year high. Meanwhile, support is raised to the 1.2900/1.2865 area which should underpin and sustain gains from the 1.2715 support.