Published: 2026-03-11T01:49:11.000Z
Chart GBP/USD Update: Room to extend gains
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Higher in choppy trade from the 3 March current year low at 1.3253 to extend gains above the 1.3400 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3575 | ** | 26 Feb high | S2 | 1.3300 | * | congestion | |
| R2 | 1.3500/10 | ** | congestion, 6 Feb low | S3 | 1.3253 | ** | 3 Mar YTD low | |
| R1 | 1.3450 | * | congestion | S4 | 1.3215 | * | 76.4% Nov/Jan rally |
Asterisk denotes strength of level
01:40 GMT - Higher in choppy trade from the 3 March current year low at 1.3253 to extend gains above the 1.3400 level as daily studies unwind oversold readings. Resistance is at the 1.3450/1.3500 congestion and clearance here will open up room for stronger gains to retrace losses from the 1.3870 January high. Higher will see room to strong resistance at the 1.3575/1.3600 area. Meanwhile, support is raised to the 1.3400 level which should underpin and sustain bounce from support at the 1.3300/1.3253 area.