Published: 2026-10-07T01:49:35.000Z
Chart GBP/USD Update: Turning higher from the 1.3180 low
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Turning higher from the 1.3180 low as prices unwind oversold intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3450 | * | congestion | S1 | 1.3180 | * | 1 Oct low | |
| R3 | 1.3400 | ** | congestion | S2 | 1.3140 | ** | 24 Jun YTD low | |
| R2 | 1.3350 | * | congestion | S3 | 1.3100 | * | congestion | |
| R1 | 1.3273/00 | * | 28 Jul low, congestion | S4 | 1.3010 | ** | Nov 2025 low |
Asterisk denotes strength of level
01:45 GMT - Turning higher from the 1.3180 low as prices unwind oversold intraday and daily studies. Lift above 1.3250 congestion has seen extension to resistance at the 1.3273/1.3300 area. Above here will open up room for stronger recovery to retrace losses from the 1.3675 August high to resistance at the 1.3350 congestion and 1.3400 level. Meanwhile, support at the 1.3200/1.3180 area should underpin. Failure will expose the 1.3140 June current year low to retest and threaten extension of losses from the 1.3869, January high.