Published: 2025-10-22T02:00:32.000Z
Chart GBP/USD Update: Extending pullback from 1.3471 high
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Consolidation at the 1.3400 level has given way to break to extend pullback from the 1.3471 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | Aug high, congestion | S1 | 1.3324 | * | Sep low | |
| R3 | 1.3500 | * | congestion | S2 | 1.3300 | * | congestion | |
| R2 | 1.3471 | * | 17 Oct high | S3 | 1.3248 | ** | 14 Oct low | |
| R1 | 1.3400 | * | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Consolidation at the 1.3400 level has given way to break to extend pullback from the 1.3471 high. Daily and weekly studies are tracking lower and lower will see room for extension to support at the 1.3324 September low and 1.3300 congestion. Below these will expose the 1.3248 low to retest. Lower still will see room to retest 1.3200 and 1.3140 support. Meanwhile, resistance is lowered to the 1.3400 congestion which is now expected to cap and sustain pullback from the 1.3471 high.