Published: 2025-10-17T07:35:50.000Z
Chart GBP/USD Update: Pushing higher
1
Cautious trade has spiked to 1.3470~
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3726 | ** | 17 Sep (m) high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600 | * | congestion | S2 | 1.3300 | * | congestion | |
| R2 | 1.3527 | ** | 1 Oct (w) high | S3 | 1.3248 | 14 Oct low | ||
| R1 | 1.3500 | * | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
08:10 BST - Cautious trade has spiked to 1.3470~, before settling back in range as intraday overbought intraday studies unwind. A minor pullback towards congestion support at 1.3400 is possible. But rising daily stochastics and the improving daily Tension Indicator are expected to limit any tests in renewed buying interest. Following cautious trade, focus is expected to turn to congestion resistance at 1.3500 and the 1.3527 weekly high of 1 October. But mixed weekly charts could limit any initial tests in consolidation. Meanwhile, a break below 1.3400, if seen, should give way to consolidation above 1.3300.