Published: 2026-10-12T01:49:11.000Z
Chart GBP/USD Update: Choppy above the 1.3180 low
2
Still choppy above the 1.3180 low with prices tracing out a small base pattern and unwinding oversold daily studies
| 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 - Still choppy above the 1.3180 low with prices tracing out a small base pattern and unwinding oversold daily studies. Scope is seen for bounce to here retest resistance at the 1.3273/1.3300 area. Would take break to open up room for stronger recovery to retrace losses from the 1.3675, August high. Clearance will see room for extension to the 1.3350 congestion and 1.3400 level. Meanwhile, support at the 1.3200/1.3180 area underpin. Failure here will expose the 1.3140 June current year low to retest and threaten extension of the broader losses from 1.3869, January high.