Published: 2026-10-12T07:38:50.000Z
Chart GBP/USD Update: Range extension - studies rising
1
Little change, as prices extend cautious trade centred around 1.3250
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | ** | congestion | S1 | 1.3200 | ** | cong, 38.2% ret | |
| R3 | 1.3360 | * | range lows | S2 | 1.3140 | ** | 24 Jun YTD low | |
| R2 | 1.3300 | ** | congestion | S3 | 1.3100 | ** | congestion | |
| R1 | 1.3273 | ** | 28 Jul (w) low | S4 | 1.3000/10 | ** | cong; November 2025 low |
Asterisk denotes strength of level
08:10 BST - Little change, as prices extend cautious trade centred around 1.3250. Rising intraday studies highlight room for a retest of resistance within the 1.3273 weekly low of 28 July and congestion around 1.3300. Already overbought intraday studies could limit any initial tests in consolidation, but rising daily readings highlight room for a later break. A close above 1.3300 will help to improve sentiment and complete an accumulation base above strong support at 1.3200, as October gains then target 1.3360.
Meanwhile, support remains strong at 1.3200 and should underpin any immediate setbacks.