Published: 2026-03-02T02:05:24.000Z
Chart GBP/USD Update: Extending losses
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Break of the 1.3440/35 Fibonacci level and 19 February low see prices extending losses from the 1.3870, January current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3650 | * | congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600/20 | ** | congestion | S2 | 1.3340 | ** | 19 Jan YTD low, 61.8% | |
| R2 | 1.3575 | ** | 26 Feb high | S3 | 1.3300 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3285 | 9 Dec low |
Asterisk denotes strength of level
02:00 GMT - Break of the 1.3440/35 Fibonacci level and 19 February low see prices extending losses from the 1.3870, January current year high. Losses has since stablised at the 1.3400 support as prices unwind oversold intraday studies. However, negative daily and weekly studies suggest risk for break to further extend losses and retrace November/January rally. Lower will see room to 1.3340, January current year low and 61.8% Fibonacci level. Meanwhile, resistance is lowered to the 1.3500 level which is expected to sustain pullback from the 1.3575 high.