Published: 2026-04-27T02:02:04.000Z
Chart GBP/USD Update: Extending bounce from 1.3450 support
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Turned up from support at the 1.3450 congestion to regain the 1.3500 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion, 76.4% | S1 | 1.3450 | * | congestion | |
| R3 | 1.3650 | * | congestion | S2 | 1.3400 | * | congestion | |
| R2 | 1.3600 | ** | 17 Apr high, 61.8% | S3 | 1.3380 | ** | 13 Apr low | |
| R1 | 1.3545 | * | 20 Apr high | S4 | 1.3350 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Turned up from support at the 1.3450 congestion to regain the 1.3500 level and break of the 1.3510 resistance return focus to the upside. Nearby see resistance at 1.3545 resistance then the 1.3600 high and 61.8% Fibonacci level. Clearance here will further retrace the January/March losses and see room for extension to the 1.3650/1.3700 area. Beyond this will return focus to the 1.3788 and 1.3869, 2025 year high and 27 Jan YTD high. Meanwhile, support at the 1.3510/00 area and extending to 1.3450 low now expected to underpin.