Published: 2025-11-26T08:30:12.000Z
Chart GBP/USD Update: Poised for further gains
1
Anticipated gains have reached congestion resistance at 1.3200
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3300 | * | congestion | S1 | 1.3150 | * | congestion | |
| R3 | 1.3285 | * | 38.2% ret of Sep-Nov fall | S2 | 1.3100 | * | break level | |
| R2 | 1.3250 | * | congestion | S3 | 1.3035~ | 20 Nov (w) low | ||
| R1 | 1.3200 | * | congestion | S4 | 1.3000/10 | * | cong; 4-5 Nov (w) lows |
Asterisk denotes strength of level
08:10 GMT - Anticipated gains have reached congestion resistance at 1.3200, where mixed intraday studies are prompting fresh consolidation. Daily readings continue to rise, highlighting room for a test above here. Focus will then turn to congestion around 1.3250 and the 1.3285 Fibonacci retracement. But mixed weekly charts are expected to limit any initial tests of this range in consolidation. Meanwhile, a close back below congestion support at 1.3150, if seen, will stabilise prices once again, and prompt consolidation above the 1.3100 break level.