Published: 2025-12-04T01:53:36.000Z
Chart GBP/USD Update: Extending gains
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Consolidation at the 1.3200 level has given way to rebound through the 1.3300 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500/27 | ** | congestion, 1 Oct high | S1 | 1.3250 | * | congestion | |
| R3 | 1.3471 | * | 17 Oct high | S2 | 1.3200 | * | congestion | |
| R2 | 1.3400 | * | congestion | S3 | 1.3140 | * | Aug low | |
| R1 | 1.3370 | * | 28 Oct high | S4 | 1.3100 | * | congestion |
Asterisk denotes strength of level
01:45 GMT - Consolidation at the 1.3200 level has given way to rebound through the 1.3300 level as prices retrace the September/November losses. Nearby see resistance at 1.3370 then the 1.3400 congestion. Positive daily and weekly studies suggest scope for break of these to open up room for gains to the 1.3471 resistance then the strong resistance at the 1.3500/27 area. Meanwhile, support is raised to the 1.3250/1.3200 congestion area which should now underpin and sustains gains from the 1.3038/10, November lows.