Published: 2026-01-06T08:29:08.000Z
Chart GBP/USD Update: Steady bounce - studies improving
1
The anticipated retest of 1.3400 has bounced from 1.3415~
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3725 | ** | 17 Sep (m) high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3650 | congestion | S2 | 1.3400 | * | congestion | ||
| R2 | 1.3600 | * | congestion | S3 | 1.3350 | * | congestion lows | |
| R1 | 1.3555 | ** | 76.4% ret of Sep-Nov fall | S4 | 1.3300 | * | congestion |
Asterisk denotes strength of level
08:10 GMT - The anticipated retest of 1.3400 has bounced from 1.3415~, as intraday studies turn higher, with steady gains currently pressuring resistance at the 1.3555 Fibonacci retracement. Daily readings have turned higher and broader weekly charts remain positive, highlighting room for further strength in the coming sessions. A close above here will improve sentiment and extend November gains initially towards congestion around 1.3600. Meanwhile, support is raised to congestion around 1.3500. A close beneath here, if seen, will turn sentiment neutral once again and give way to renewed consolidation above further congestion around 1.3400.