Published: 2025-10-06T02:01:08.000Z
Chart GBP/USD Update: Consolidating, room for lower later
4
Lower at the open but prices remains above the 1.3400 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3680/00 | * | 4 Jul high, congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600 | ** | Aug high, congestion | S2 | 1.3324 | ** | 25 Sep low | |
| R2 | 1.3536 | * | 23 Sep high | S3 | 1.3300 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Lower at the open but prices remains above the 1.3400 support. Negative intraday and daily studies weighs and threatens break here to extend pullback to retest support at the 1.3324 low. Below this will further extend the broader losses from the 1.3726 September high. Lower will open up room to the 1.3300 and 1.3200 congestion. Meanwhile, resistance at the 1.3500/36 congestion and 23 September high is expected to cap. Would take break here to fade the downside pressure and open up room for retest of the 1.3600 August high.