Published: 2026-04-14T07:40:05.000Z
Chart GBP/USD Update: Extending gains
1
Steady buying interest is extending
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | ** | 76.4% ret of Jan-Mar fall | S1 | 1.3500 | ** | congestion | |
| R3 | 1.3660 | * | congestion | S2 | 1.3450 | break level | ||
| R2 | 1.3600 | ** | congestion; 61.8% ret | S3 | 1.3400 | ** | congestion | |
| R1 | 1.3550 | * | congestion | S4 | 1.3350 | congestion |
Asterisk denotes strength of level
08:10 BST - Steady buying interest is extending, with prices currently trading around 1.3335. The positive daily Tension Indicator highlights room for a test above congestion resistance at 1.3550. But flat overbought daily stochastics should limit initial scope in profit-taking/consolidation beneath stronger resistance at 1.3600. Meanwhile, support is raised to congestion around 1.3500. A close beneath here, if seen, will help to turn sentiment cautious and prompt consolidation above 1.3450.