Published: 2025-12-03T01:55:44.000Z
Chart GBP/USD Update: Shallow pullback from 1.3275 high
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Shallow pullback from the 1.3275 high to break the 1.3200 level has seen losses checked at the 1.3180 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | * | congestion | S1 | 1.3200 | * | congestion | |
| R3 | 1.3370 | * | 28 Oct high | S2 | 1.3140 | * | Aug low | |
| R2 | 1.3300/23 | ** | congestion, Sep low | S3 | 1.3100 | * | congestion | |
| R1 | 1.3275 | 1 Dec high | S4 | 1.3038/10 | ** | 21, 1 Nov lows |
Asterisk denotes strength of level
01:50 GMT - Shallow pullback from the 1.3275 high to break the 1.3200 level has seen losses checked at the 1.3180 low. Would take break here to open up room for deeper pullback to the 1.3140 support and 1.3100 congestion. However, corrective pullback is expected to give way renewed buying interest to retrace the September/November losses. Above the 1.3275 high will see room for extension towards strong resistance at 1.3300/23, congestion and September low. Higher still, will see potential for to resistance at 1.3370/1.3400 area.