Published: 2025-11-06T02:07:24.000Z
Chart GBP/USD Update: Consolidating test of 1.3014/00 support
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Steadied at the 1.3014/00 support as prices consolidate recent sharp from above the 1.3300 level
| 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
02:00 GMT - Steadied at the 1.3014/00 support as prices consolidate recent sharp from above the 1.3300 level. Intraday studies are unwinding oversold readings with daily chart stretched as well, suggesting sope for corrective bounce. Resistance starts at the 1.3100 level and this extend to the 1.3140, previous May/August lows. This area is expected to cap and give way to renewed selling pressure later. Below the 1.3000 level will see room for deeper pullback to the 1.2945 50% Fibonacci level and 1.2900 congestion.