Published: 2026-10-13T01:50:30.000Z
Chart GBP/USD Update: Leaning lower in choppy trade
1
Extending choppy trade above the 1.3180 low but bearish price action keep pressure on the the downside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3450 | * | congestion | S1 | 1.3180 | * | 1 Oct low | |
| R3 | 1.3400 | ** | congestion | S2 | 1.3140 | ** | 24 Jun YTD low | |
| R2 | 1.3350 | * | congestion | S3 | 1.3100 | * | congestion | |
| R1 | 1.3273/00 | ** | 28 Jul low, congestion | S4 | 1.3010 | ** | Nov 2025 low |
Asterisk denotes strength of level
01:45 GMT - Extending choppy trade above the 1.3180 low but bearish price action keep pressure on the the downside and threatens break here to extend losses from the August high. Break will expose the 1.3140 June current year low to retest and see room for extension of the broader losses from 1.3869, January high. Meanwhile, resistance remains at the 1.3273/1.3300 area. Would take break here to open up room for stronger recovery to retrace losses from the 1.3675 August high and see room for extension to the 1.3350 congestion and 1.3400 level.