Published: 2025-10-14T02:03:46.000Z
Chart GBP/USD Update: Higher in consolidation
1
Turned up from the 1.3262 low to consolidate above the 1.3300 congestive support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3536 | * | 23 Sep high | S1 | 1.3300 | congestion | ||
| R3 | 1.3500 | * | congestion | S2 | 1.3262 | * | 10 Oct low | |
| R2 | 1.3444 | * | Apr high | S3 | 1.3200 | * | congestion | |
| R1 | 1.3400 | * | congestion | S4 | 1.3140 | ** | May, Aug lows |
Asterisk denotes strength of level
02:00 GMT - Turned up from the 1.3262 low to consolidate above the 1.3300 congestive support. Bounce see prices consolidating losses from above the 1.3500 level and expected to give way to fresh selling pressure later to retest the 1.3262 low. Below this will extend the losses from the 1.3726 September high and see room to support at the 1.3200 level and the critical 1.3140, August low. Meanwhile, resistance is at the 1.3400/44 congestion area is expected to cap. Regaining this will ease the downside pressure and see room for strong bounce to retest 1.3500/27 swing high.