Published: 2025-11-12T01:59:40.000Z
Chart GBP/USD Update: Lower in consolidation from 1.3190 high
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Settled back from the 1.3190 high as prices 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 - Settled back from the 1.3190 high as prices consolidate gains from the 1.3010 low. Positive daily studies suggest consolidation giving way to renewed strength later to retrace recent sharp losses from the 1.3726, September high. Break above the 1.3200 level will see room for stronger bounce to resistance at 1.3248. Higher still will see room to strong resistance at the 1.3300/24, congestion and September low. Meanwhile, support is at the 1.3100 congestion which should underpin and sustain gains from 1.3010/00 area.