Published: 2025-10-21T01:59:38.000Z
Chart GBP/USD Update: Leaning lower in range from 1.3471 high
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Leaning lower in range from the 1.3471 high with pullback returning to pressure the 1.3400 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | Aug high, congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3582 | * | 61.8% Sep/Oct fall | S2 | 1.3324 | * | Sep low | |
| R2 | 1.3500/18 | * | congestion, 50% | S3 | 1.3300 | * | congestion | |
| R1 | 1.3471 | * | 17 Oct high | S4 | 1.3248 | ** | 14 Oct low |
Asterisk denotes strength of level
01:50 GMT - Leaning lower in range from the 1.3471 high with pullback returning to pressure the 1.3400 level. Daily studies are overbought and suggest scope for break here to return focus to the downside for retest of support at the 1.3324 September low and 1.3300 congestion. Below this will expose the 1.3248 low to retest and see room to retest 1.3200 and 1.3140 support. Meanwhile, resistance at the 1.3471 high now expected to cap and sustain bearish structure from the 1.3726, September high.