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Published: 2025-10-06T02:01:08.000Z

Chart GBP/USD Update: Consolidating, room for lower later

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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.

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Topics
GBP/USD-TA
Free-Tactical-TA
DM-Technical
Technical Analysis

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