Published: 2025-11-05T02:15:07.000Z
Chart GBP/USD Update: Extend July losses
5
Consolidation above the 1.3100 low gave way to renewed selling prssure to extend losses from the 1.3788 July high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3300/24 | * | congestion, Sep low | S1 | 1.3014/00 | * | Mar high, congestion | |
| R3 | 1.3200/48 | ** | congestion, 14 Oct low | S2 | 1.2945 | * | 50% Jan/Jul rally | |
| R2 | 1.3140 | ** | May, Aug lows | S3 | 1.2900 | congestion | ||
| R1 | 1.3100 | * | congestion | S4 | 1.2865 | 27 Mar low |
Asterisk denotes strength of level
02:10 GMT - Consolidation above the 1.3100 low gave way to renewed selling prssure to extend losses from the 1.3788 July high to reach support at the 1.3014/00 area. Consolidation here see prices unwinding oversold intraday studies but the downside remains vulnearble. Lower will see room for deeper pullback to the 1.2945, 50% Fibonacci level. Meanwhile, resistance is lowered to the 1.3100 congestion which extend to the 1.3140, the May/August lows, now expected to cap and sustain losses from the 1.3726, September high.