Published: 2025-11-27T01:53:13.000Z
Chart GBP/USD Update: Extending gains, room to 1.3300/23 next
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Break of the 1.3200/15 resistance see prices extending gains from the 1.3038/1.3010 lows
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3470 | * | 17 Oct high | S1 | 1.3200 | * | congestion | |
| R3 | 1.3400 | * | congestion | S2 | 1.3100 | * | congestion | |
| R2 | 1.3370 | * | 28 Oct high | S3 | 1.3038 | * | 20 Nov low | |
| R1 | 1.3300/23 | ** | congestion, Sep low | S4 | 1.3010 | ** | 4 Nov low |
Asterisk denotes strength of level
01:45 GMT - Break of the 1.3200/15 resistance see prices extending gains from the 1.3038/1.3010 lows as daily and weekly studies are unwind oversold readings. Clearance see prices retracing losses from the September high and turn focus to the strong resistance at 1.3300/23, congestion and September low. Would expected reaction here but a later break cannot be ruled out. Higher will see potential to resistance at 1.3370/1.3400 area. Meanwhile, support is raised to the 1.3200 level which should underpin and sustain bounce from the 1.3038/1.3010 lows.