Published: 2026-01-02T01:47:04.000Z
Chart GBP/USD Update: Poised to retest 1.3500/34 resistance
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Bounce from the 1.3400 support see prices back in consolidation above support at the 1.3450 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3726 | ** | 17 Sep high | S1 | 1.3450 | * | congestion | |
| R3 | 1.3600 | * | congestion | S2 | 1.3400 | * | congestion | |
| R2 | 1.3534 | ** | 24 Dec high | S3 | 1.3300 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3215/00 | ** | 13 Nov high, congestion |
Asterisk denotes strength of level
01:40 GMT - Bounce from the 1.3400 support see prices back in consolidation above support at the 1.3450 congestion. Resistance is at the 1.3500 level and regaining this and the 1.3534 December high will extend gains from the 1.3010 November low and see room to the 1.3600 level. Beyond this will return focus to the 1.3726 and 1.3788, September/July highs. Meanwhile, support at the 1.3450/00 area should underpin. Would take break here to delay bulls and see room for deeper pullback to retrace strong gains from the 1.3010 November low.