Published: 2025-10-29T01:55:36.000Z
Chart GBP/USD Update: Under pressure, 1.3248 low at risk
2
Consolidation above the 1.3300 level gave way to fresh selling pressure
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500 | * | congestion | S1 | 1.3248 | ** | 14 Oct low | |
| R3 | 1.3471 | ** | 17 Oct high | S2 | 1.3200 | * | congestion | |
| R2 | 1.3400 | * | congestion | S3 | 1.3140 | ** | May, Aug lows | |
| R1 | 1.3300/24 | * | congestion, Sep low | S4 | 1.3100 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Consolidation above the 1.3300 level gave way to fresh selling pressure and break here has seen extension to retest the 1.3248 low. Negative daily studies weighs and threatens break of the latter to further extend losses from the 1.3726, September high. Lower will open up room to the 1.3200 congestion and the critical 1.3140 low. Meanwhile, resistance is lowered to 1.3300/24 congestion and September low. Regaining this will ease the downside pressure and open up room for retest of 1.3400 congestion.