Published: 2026-05-19T01:56:44.000Z
Chart GBP/USD Update: Sharp bounce from 1.3300 support
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Bounce from support at 1.3300 congestion has seen sharp gains to test resistance at 1.3450
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | 17 Apr high, congestion | S1 | 1.3350 | * | congestion | |
| R3 | 1.3550 | * | congestion | S2 | 1.3300 | ** | 18 May low, congestion | |
| R2 | 1.3500 | ** | 12 May low, congestion | S3 | 1.3250 | * | congestion | |
| R1 | 1.3450 | ** | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Bounce from support at 1.3300 congestion has seen sharp gains to test resistance at 1.3450. The resulting outside range caution stronger bounce to retrace losses from 1.3650 high to strong resistance at the 1.3500 level which is expected to cap. Regaining this will revive the upside focus for retest of the 1.3600 level and 1.3650 high. Meanwhile, support is raised to the 1.3350 congestion. Failure to hold this will expose the 1.3300 low to retest and open up room for extension to 1.3250/1.320 congestion and 1.3160, 31 March current year low.