Published: 2025-11-14T02:01:23.000Z
Chart GBP/USD Update: Consolidating test of 1.3200 resistance
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No follow-through 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
02:00 GMT - No follow-through on break above the 1.3200 level as prices settled back to consolidate gains from the 1.3010 low. Daily studies are mixed and see room for pullback to 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 fresh buying interest later. Meanwhile, resistance is at the 1.3200 level. Clearance here will see room for stronger bounce to resistance at 1.3248 then the strong resistance at the 1.3300/24, congestion and September low.