Published: 2025-09-29T01:10:40.000Z
Chart GBP/USD Update: Higher in consolidation from 1.3324 low
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Higher in range fron the 1.3324 low as prices consolidate losses from the 1.3536 high of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | Aug high, congestion | S1 | 1.3324 | ** | 25 Sep low | |
| R3 | 1.3536 | * | 23 Sep high | S2 | 1.3300 | * | congestion | |
| R2 | 1.3500 | * | congestion | S3 | 1.3200 | * | congestion | |
| R1 | 1.3450 | * | 22 Sep low | S4 | 1.3140 | ** | May/Aug lows |
Asterisk denotes strength of level
01:00 GMT - Higher in range fron the 1.3324 low as prices consolidate losses from the 1.3536 high of last week and unwind oversold intraday studies. Above the 1.3400 level see room to resistance at the the 1.3450/1.3500 area which is expected to cap. Corrective bounce is expected to give way to renewed selling pressure later to retrace the August/September rally. Below the 1.3324 low will open up room for deeper pullback to support at the 1.3300 level. Lower still, will see room to 1.3200 congestion.