Published: 2026-03-30T02:02:19.000Z
Chart GBP/USD Update: Consolidating, room for lower later
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Turned up from the 1.3233 low to consolidate at the 1.3250 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3480 | ** | 23 Mar high | S1 | 1.3250 | * | congestion | |
| R3 | 1.3430 | * | 200-day MA | S2 | 1.3213 | ** | 13 Mar YTD low | |
| R2 | 1.3400 | * | congestion | S3 | 1.3200 | * | congestion | |
| R1 | 1.3350 | * | congestion | S4 | 1.3140 | * | May, Aug lows |
Asterisk denotes strength of level
02:00 GMT - Turned up from the 1.3233 low to consolidate at the 1.3250 congestion as prices unwind oversold intraday studies. However, the downside remains vulnerable and lower will see room for retest of the 1.3213, 13 March current year low. Break here will further extend the January losses and see room for exension to the 1.3200 congestion and 1.3140 support. Meanwhile, resistance is lowered to the 1.3350 congestion which is expected to cap and sustain losses from resistance at the 1.3480, March lower high.