Published: 2026-10-08T01:50:05.000Z
Chart GBP/USD Update: Settled back to consolidate at 1.3200/1.3180 support
1
Settled back in choppy trade as resistance at the 1.3273/1.3300 area keep bounce attempt in check
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3450 | * | congestion | S1 | 1.3180 | * | 1 Oct low | |
| R3 | 1.3400 | ** | congestion | S2 | 1.3140 | ** | 24 Jun YTD low | |
| R2 | 1.3350 | * | congestion | S3 | 1.3100 | * | congestion | |
| R1 | 1.3273/00 | * | 28 Jul low, congestion | S4 | 1.3010 | ** | Nov 2025 low |
Asterisk denotes strength of level
01:45 GMT - Settled back in choppy trade as resistance at the 1.3273/1.3300 area keep bounce attempt in check. Pullback see pressure returning to the 1.3200/1.3180 support but daily studies are unwinding oversold readings and suggest this area should underpin. Below here will expose the 1.3140 June current year low to retest and threaten extension of losses from the 1.3869, January high. Meanwhile, break of the 1.3273/1.3300 resistance is needed to open up room for stronger recovery to retrace losses from the 1.3675 August high to the 1.3350 congestion and 1.3400 level.