Published: 2025-10-28T01:45:46.000Z
Chart GBP/USD Update: Higher in consolidation
4
Higher within the Friday's range as prices consolidate losses from the 1.3471 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | Aug high, congestion | S1 | 1.3300 | * | congestion | |
| R3 | 1.3500 | * | congestion | S2 | 1.3248 | ** | 14 Oct low | |
| R2 | 1.3471 | * | 17 Oct high | S3 | 1.3200 | * | congestion | |
| R1 | 1.3400 | * | congestion | S4 | 1.3140 | ** | May, Aug lows |
Asterisk denotes strength of level
01:40 GMT - Higher within the Friday's range as prices consolidate losses from the 1.3471 high. Daily and weekly studies are oversold and suggest scope for corrective bounce to resistance at the 1.3400 congestion which is expected to cap. Would need to clear this to ease the downside pressure and see room for stronger gains to retrace losses from the 1.3726, September high. Meanwhile, support is at the 1.3300 level. Break here will return focus to the 1.3248, 14 October low. Below this will extend the broader losses from the 1.3726 September high.