Published: 2025-11-24T08:20:00.000Z
Chart GBP/USD Update: Gains capped in range
1
Little change, as prices extend pressure on resistance at the 1.3100 break level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3250 | * | congestion | S1 | 1.3000/10 | * | cong; 4-5 Nov (w) lows | |
| R3 | 1.3200 | * | congestion | S2 | 1.2950 | ** | 50% ret of Jan-Jul rally | |
| R2 | 1.3150 | * | congestion | S3 | 1.2900 | congestion | ||
| R1 | 1.3100 | * | break level | S4 | 1.2950 | ** | 61.8% ret of Jan-Jul rally |
Asterisk denotes strength of level
08:10 GMT - Little change, as prices extend pressure on resistance at the 1.3100 break level. Rising intraday studies and flattening bearish daily readings highlight room for a test above here towards resistance at congestion around 1.3150. But mixed/negative weekly charts should limit any further break in renewed selling interest/consolidation beneath congestion around 1.3200. Meanwhile, support remains at congestion around 1.3000 and the 1.3010 weekly lows from early November. A close beneath here will turn sentiment negative and extend July losses towards the 1.2950 Fibonacci retracement.