Published: 2026-11-04T02:00:52.000Z
Chart GBP/USD Update: Up to tag 1.3475 resistance, room for higher still
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Consolidation around the 200-day MA at 1.3420 has given way to break higher to reach strong resistance at the 1.3475/1.3500 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3568 | * | Sep high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3550 | ** | congestion | S2 | 1.3350 | * | congestion | |
| R2 | 1.3500 | * | congestion | S3 | 1.3300 | ** | congestion | |
| R1 | 1.3475 | ** | 2 Sep low | S4 | 1.3273 | * | 28 Jul low |
Asterisk denotes strength of level
02:00 GMT - Consolidation around the 200-day MA at 1.3420 has given way to break higher to reach strong resistance at the 1.3475/1.3500 area. Would expect reaction here but bullish momentum from the 1.3140 October low suggest scope for break later to further retrace losses from the 1.3675, August high. Clearance will see scope to 1.3350/68, congestion and September high. Meanwhile, support is raised to the 1.3400 congestion which should underpin and sustain bounce from the 1.3300/1.3273 congestion area.