Published: 2025-12-18T08:28:25.000Z
Chart GBP/USD Update: Choppy in range - daily studies under pressure
3
Choppy trade above 1.3300 is giving way to consolidation around 1.3370
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500 | * | congestion | S1 | 1.3300 | * | congestion | |
| R3 | 1.3471 | * | 17 Oct (w) high | S2 | 1.3250 | * | congestion | |
| R2 | 1.3450 | ** | 61.8% ret of Sep-Nov fall | S3 | 1.3200 | * | congestion | |
| R1 | 1.3400 | ** | congestion | S4 | 1.3150 | * | congestion |
Asterisk denotes strength of level
08:10 GMT - Choppy trade above 1.3300 is giving way to consolidation around 1.3370, as intraday studies turn mixed/negative. Daily readings continue to point lower, highlighting room for a test of 1.3300. A break will add weight to sentiment and open up congestion around 1.3250. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above 1.3200. Meanwhile, resistance remains at congestion around 1.3400. Any immediate break above here should give way to consolidation beneath the 1.3450 Fibonacci retracement.