Published: 2026-03-18T01:47:40.000Z
Chart GBP/USD Update: Extending bounce from 1.3213, current year low
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Extending bounce from the 1.3213 low to regain the 1.3300 level to open up room for retest of the 1.3370, Friday's range high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3483 | ** | 10 Mar high | S1 | 1.3250 | * | congestion | |
| R3 | 1.3435 | ** | 19 Feb low | S2 | 1.3213 | ** | 13 Mar YTD low | |
| R2 | 1.3400 | * | congestion | S3 | 1.3150 | * | congesion | |
| R1 | 1.3370 | * | 13 Mar high | S4 | 1.3100 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Extending bounce from the 1.3213 low to regain the 1.3300 level to open up room for retest of the 1.3370, Friday's range high. Would take break here to open up room for stronger gains to 1.3400 level. Beyond this will see scope to strong resistance at the 1.3435/83 area which is expected to cap and sustain losses from the January high. Meanwhile, support is raised to the 1.3300 congestion ahead of 1.3213, 13 March current year low. Break here will further extend the January losses and see room to the 1.3150/3100 congestion area.