Published: 2025-12-08T01:23:19.000Z
Chart GBP/USD Update: Leaning lower in consolidation
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Settled back from the 1.3385 high as prices unwind overbought intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500/27 | ** | congestion, 1 Oct high | S1 | 1.3300 | * | congestion | |
| R3 | 1.3471 | * | 17 Oct high | S2 | 1.3215/00 | ** | 13 Nov high, congestion | |
| R2 | 1.3400 | * | congestion | S3 | 1.3140 | * | Aug low | |
| R1 | 1.3385 | * | 4 Dec high | S4 | 1.3100 | * | congestion |
Asterisk denotes strength of level
01:15 GMT - Settled back from the 1.3385 high as prices unwind overbought intraday and daily studies and consolidate gains from the November lows. However, positive weekly studies suggest consolidation giving way to renewed buying interest later to further retrace the September/November losses. Above the 1.3385 high and 1.3400 congestion will open up room for extension to the 1.3471 resistance then the strong resistance at the 1.3500/27 area. Meanwhile, support is raised to the 1.3300/1.3275 area which should underpin and sustains gains from the 1.3038/10, November lows.