Published: 2026-04-23T01:58:09.000Z
Chart GBP/USD Update: Extending consolidation above 1.3480/70 support
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Extending consolidation above support at the 1.3480/70, March highs
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion, 76.4% | S1 | 1.3480/70 | * | March highs | |
| R3 | 1.3650 | * | congestion | S2 | 1.3450 | congestion | ||
| R2 | 1.3600 | ** | 17 Apr high, 61.8% | S3 | 1.3400 | * | congestion | |
| R1 | 1.3545 | * | 20 Apr high | S4 | 1.3380 | ** | 13 Apr low |
Asterisk denotes strength of level
01:50 GMT - Extending consolidation above support at the 1.3480/70, March highs. However, break here cannot be ruled out to extend corrective pullback from the 1.3600 high retrace gains from the 1.3160 March low. lower will see room to support at the 1.3450/00 congestion area. Corrective pullback are expected to give way to renewed buying interest later with bounce to see resistance starting at 1.3545 then the 1.3600 high. Break here will further retrace the January/March losses and see room to 1.3650/1.3700 area. Higher still, will return focus to 1.3788 and 1.3869, 2025 year high and January YTD high.