Published: 2025-12-23T08:29:15.000Z
Chart GBP/USD Update: Strong resistance at the 1.3555 Fibonacci retracement
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Anticipated gains have reached congestion resistance at 1.3500
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3725~ | * | 17 Sep (m) high | S1 | 1.3400 | * | congestion | |
| R3 | 1.3600 | * | congestion | S2 | 1.3350 | * | recent lows | |
| R2 | 1.3555 | ** | 76.4% ret of Sep-Nov fall | S3 | 1.3300 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3250 | * | congestion |
Asterisk denotes strength of level
08:10 GMT - Anticipated gains have reached congestion resistance at 1.3500. A tick higher in intraday studies and rising daily readings highlight a positive tone and room for continuation of November gains. Focus is on the 1.3555 Fibonacci retracement. However, rising daily stochastics are approaching overbought areas, suggesting any immediate tests could give way to consolidation, before positive weekly charts prompt further gains. Meanwhile, support is raised to congestion around 1.3400. An unexpected break beneath here will open up recent lows around 1.3350, where fresh consolidation is expected to appear.