Published: 2025-10-27T01:59:08.000Z
Chart GBP/USD Update: Consolidating above 1.3300
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Limited on break of the 1.3300 level as prices consolidate losses from the 1.3471 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | Aug high, congestion | S1 | 1.3300 | * | congestion | |
| R3 | 1.3500 | * | congestion | S2 | 1.3248 | ** | 14 Oct low | |
| R2 | 1.3471 | * | 17 Oct high | S3 | 1.3200 | * | congestion | |
| R1 | 1.3400 | * | congestion | S4 | 1.3140 | ** | May, Aug lows |
Asterisk denotes strength of level
01:50 GMT - Limited on break of the 1.3300 level as prices consolidate losses from the 1.3471 high. However, negative daily and weekly studies keeps pressure on the downside and threaten break here to turn focus to the 1.3248, 14 October low. Below this will extend the broader losses from the 1.3726 September high. Meanwhile, resistance is at the 1.3400 congestion which is expected to cap. Would need to regain this to ease the downside pressure and clear the way for stronger gains to retrace losses from the 1.3726, September high.