Published: 2025-10-30T01:46:12.000Z
Chart GBP/USD Update: Consolidating test of 1.3140 support
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Break of the 1.3248 support has seen sharp losses to retest the May/August lows at 1.3140
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3471 | ** | 17 Oct high | S1 | 1.3140 | ** | May, Aug lows | |
| R3 | 1.3400 | * | congestion | S2 | 1.3100 | * | congestion | |
| R2 | 1.3300/24 | * | congestion, Sep low | S3 | 1.3050 | * | congestion | |
| R1 | 1.3248 | 14 Oct low | S4 | 1.3000 | * | figure, congestion |
Asterisk denotes strength of level
01:40 GMT - Break of the 1.3248 support has seen sharp losses to retest the May/August lows at 1.3140 before turning up to consolidate at the 1.3200 level as prices unwind oversold intraday studies. Daily studies are stretched as well and caution corrective bounce to retrace losses from the 1.3726, September high. Meanwhile, resistance is lowered to the 1.3248 low of 14 October and extending to the 1.3300 congestion. Regaining this needed to fade the downside pressure and open up room for stronger bounce. Break of 1.3140 support will see room to 1.3050/1.3000 congestion.