Published: 2026-04-29T01:57:31.000Z
Chart GBP/USD Update: Extend consolidation above 1.3450 support
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Little change, as prices extend consolidation above the 1.3450 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | * | congestion, 76.4% | S1 | 1.3510/00 | * | 6 Feb low, congestion | |
| R3 | 1.3650 | * | congestion | S2 | 1.3450 | ** | congestion | |
| R2 | 1.3600 | ** | 17 Apr high, 61.8% | S3 | 1.3400 | * | congestion | |
| R1 | 1.3575 | * | 27 Apr high | S4 | 1.3380 | ** | 13 Apr low |
Asterisk denotes strength of level
01:50 GMT - Little change, as prices extend consolidation above the 1.3450 low of last week. Consolidation here is expected to give way to further gains later to retest the 1.3575/1.3600 highs and 61.8% Fibonacci level. Clearance here will further retrace the January/March losses and see 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 remains at the 1.3510/00 area and this extend to 1.3450 low which is expected to underpin.