Published: 2025-12-23T01:58:02.000Z
Chart GBP/USD Update: Extending November gains
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Consolidation below the 1.3455 high of last week has given way to renewed buying interest to extend gains from the 1.3010, November low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | 1 Jul YTD high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3726 | ** | 17 Sep high | S2 | 1.3300 | * | congestion | |
| R2 | 1.3600 | * | congestion | S3 | 1.3250 | * | congestion | |
| R1 | 1.3500/27 | ** | congestion, 1 Oct high | S4 | 1.3215/00 | ** | 13 Nov high, congestion |
Asterisk denotes strength of level
01:50 GMT - Consolidation below the 1.3455 high of last week has given way to renewed buying interest to extend gains from the 1.3010, November low. Focus now turn to strong resistance at the 1.3500/27 congestion and 1st October high. Break here will open up room for stronger gains to resistance at the 1.3600 congestion. Beyond this will return focus to the 1.3726 and 1.3788, September/July highs. Meanwhile, support is raised to the 1.3400 level which is expected to undepin and sustain gains from the November low.