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Published: 2025-10-13T02:08:24.000Z

Chart GBP/USD Update: Higher in consolidation

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Higher in range from the 1.3262 low as prices consolidate losses last week and unwind oversold intraday studies

 Level  Comment   Level  Comment 
R4 1.3536*23 Sep high S1 1.3300 congestion
R3 1.3500*congestion S2 1.3262*10 Oct low
R2 1.3444*Apr high S3 1.3200*congestion
R1 1.3400*congestion S4 1.3140**May, Aug lows

Asterisk denotes strength of level

02:00 GMT - Higher in range from the 1.3262 low as prices consolidate losses last week and unwind oversold intraday studies. However, the downside still vulnerable and lower high sought for retest of the 1.3262 low later. Below this will extend the losses from the 1.3726 September high and see room to support at the 1.3200 level and 1.3140, August low. Meanwhile, resistance is at the 1.3400/44 congestion area which is expected to cap. Clearance will ease the downside pressure and see room for retest of the 1.3500/27 swing high.

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Topics
GBP/USD-TA
Free-Tactical-TA
DM-Technical
Technical Analysis

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