Published: 2025-11-10T02:04:49.000Z
Chart GBP/USD Update: Room to extend bounce from 1.3010 low
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Consolidating gains to 1.3175 high as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3470 | * | 17 Oct high | S1 | 1.3040 | * | Aug low | |
| R3 | 1.3400 | * | congestion | S2 | 1.3010/00 | ** | 4 Nov low, congestion | |
| R2 | 1.3300/24 | * | congestion, Sep low | S3 | 1.2945 | * | 50% Jan/Jul rally | |
| R1 | 1.3200/48 | ** | congestion, 14 Oct low | S4 | 1.2900 | congestion |
Asterisk denotes strength of level
02:00 GMT - Consolidating gains to 1.3175 high as prices unwind overbought intraday studies. Positive daily chart suggest consolidation to give way to further gains later to extend bounce from the 1.3010 low. Higher will see room for stronger gains to retrace recent sharp losses from the 1.3726 September high to strong resistance at the 1.3200/48, congestion and 14 October low. Meanwhile, support is raised to the 1.3140 low of August which should now underpin and sustain gains from strong support at the 1.3010/00 area.