Published: 2025-10-15T01:40:16.000Z
Chart GBP/USD Update: Back in consolidation above 1.3300
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Back in consolidation above the 1.3300 level following bounce from the 1.3248 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3536 | * | 23 Sep high | S1 | 1.3300 | congestion | ||
| R3 | 1.3500 | * | congestion | S2 | 1.3248 | * | 14 Oct low | |
| R2 | 1.3444 | * | Apr high | S3 | 1.3200 | * | congestion | |
| R1 | 1.3400 | * | congestion | S4 | 1.3140 | ** | May, Aug lows |
Asterisk denotes strength of level
01:35 GMT - Back in consolidation above the 1.3300 level following bounce from the 1.3248 low. Prices are unwinding oversold intraday and daily studies but consolidation is expected to give way to fresh selling pressure later. Below 1.3248 low will extend the losses from the 1.3726 September high and see room to support at the 1.3200 level then the critical 1.3140, August low. Meanwhile, resistance at the 1.3400 congestion is expected to cap. Regaining this will ease the downside pressure and see room for strong bounce to retest 1.3500/27 swing high.