Published: 2026-11-10T01:45:03.000Z
Chart GBP/USD Update: Room to extend gains
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Rebound from the 1.3340 Monday's low to regain the 1.3400 level see pressure returning to resistance at the 1.3450 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3550/68 | * | congestion, Sep high | S2 | 1.3350/40 | ** | congestion, 9 Nov low | |
| R2 | 1.3500 | ** | congestion | S3 | 1.3300 | * | congestion | |
| R1 | 1.3450 | * | congestion | S4 | 1.3273 | ** | 28 Jul low |
Asterisk denotes strength of level
01:40 GMT - Rebound from the 1.3340 Monday's low to regain the 1.3400 level see pressure returning to resistance at the 1.3450 congestion. Break here will expose the high of last week at the 1.3500 congestion to retest. Clearance here will extend the broader bullish gains from the 1.3140 October low to retrace losses from the 1.3675, August high. Higher will see scope to 1.3550/68, congestion and September high. Meanwhile, support is raised to the 1.3400 congestion area which should underpin and sustain bounce frtom the 1.3340 low.