Published: 2025-11-17T01:53:20.000Z
Chart GBP/USD Update: Range-bound in consolidation
1
Limited on break above the 1.3200 level as prices settled back to consolidate gains from the 1.3010 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | * | congestion | S1 | 1.3100 | * | congestion | |
| R3 | 1.3300/24 | ** | congestion, Sep low | S2 | 1.3010/00 | ** | 4 Nov low, congestion | |
| R2 | 1.3248 | * | 14 Oct low | S3 | 1.2945 | * | 50% Jan/Jul rally | |
| R1 | 1.3200 | * | congestion | S4 | 1.2900 | congestion |
Asterisk denotes strength of level
01:50 GMT - Limited on break above the 1.3200 level as prices settled back to consolidate gains from the 1.3010 low. Daily studies are unwinding overbought reading and pullback see room to support at the 1.3100 level. Below this will open up room for retest of the 1.3010/1.3000 support but this area is expected to underpin and give way to renewed buying interest later. Meanwhile, break above the 1.3200 level will see room for stronger gains to retrace losses from 1.3726 September high to resistance at 1.3248 then the strong resistance at the 1.3300/24 area.