Published: 2025-10-07T02:03:36.000Z
Chart GBP/USD Update: Extend consolidation within 1.3500/1.3400 area
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Little change, as prices extend consolidation within the 1.3400/1.3500 range
| 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 | ** | 25 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 - Little change, as prices extend consolidation within the 1.3400/1.3500 range. Daily studies have turned mixed but risk is seen for break of the 1.3400 level to expose the 1.3324 low to retest. Below this will further extend the broader losses from the 1.3726 September high and see room to the 1.3300 and 1.3200 congestion. Meanwhile, resistance at the 1.3500/36 congestion and 23 September high are expected to cap. Would take break here to fade the downside pressure and open up room for retest of the 1.3600 August high.