Published: 2025-12-02T01:41:54.000Z
Chart GBP/USD Update: Threatens deeper pullback from 1.3275 bounce high
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Leaning lower from the 1.3275 bounce high to retest support at the 1.3200 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | * | congestion | S1 | 1.3200 | * | congestion | |
| R3 | 1.3370 | * | 28 Oct high | S2 | 1.3140 | * | Aug low | |
| R2 | 1.3300/23 | ** | congestion, Sep low | S3 | 1.3100 | * | congestion | |
| R1 | 1.3275 | 1 Dec high | S4 | 1.3038/10 | ** | 21, 1 Nov lows |
Asterisk denotes strength of level
01:30 GMT - Leaning lower from the 1.3275 bounce high to retest support at the 1.3200 level. Intraday and daily studies are unwinding overbought readings and threatens break here to open up room for deeper pullback to the 1.3140 support and 1.3100 congestion. However, this is expected to give way renewed buying interest later to retrace the September/November losses. Above the 1.3275 high will see room for extension towards strong resistance at 1.3300/23, congestion and September low. Clearance here will see potential for stronger gains to resistance at 1.3370/1.3400 area.