Published: 2025-11-25T08:30:19.000Z
Chart GBP/USD Update: Limited tests higher
2
Still little change, as prices extend consolidation above support at the 1.3100 break level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3285 | * | 38.2% ret of Sep-Nov fall | S1 | 1.3100 | * | break level | |
| R3 | 1.3250 | * | congestion | S2 | 1.3035~ | 20 Nov (w) low | ||
| R2 | 1.3200 | * | congestion | S3 | 1.3000/10 | * | cong; 4-5 Nov (w) lows | |
| R1 | 1.3150 | * | congestion | S4 | 1.2950 | ** | 50% ret of Jan-Jul rally |
Asterisk denotes strength of level
08:10 GMT - Still little change, as prices extend consolidation above support at the 1.3100 break level. Mixed/positive intraday studies and a tick higher in daily readings highlight room for a move higher 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, a break back below 1.3100 will open up the 1.3035~ weekly low of 20 November. But mixed readings should limit any initial tests in fresh consolidation.