Published: 2025-10-09T02:04:52.000Z
Chart GBP/USD Update: Consolidating at 1.3400, room for lower
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Limited on break of the 1.3400 level and bounce from the 1.3370 low see prices back in consolidation around the 1.3400 level
| 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 | ** | 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 - Limited on break of the 1.3400 level and bounce from the 1.3370 low see prices back in consolidation around the 1.3400 level. However, negative daily and weekly studies threatens further probes lower to retest the 1.3333/24, September lows. Below these will extend the broader losses from the 1.3726 high and see room to the 1.3300 and 1.3200 congestion. Meanwhile, resistance is lower to the 1.3450/1.3500 congestion which is expected to cap. Only regaining these will fade the downside pressure.