Published: 2026-11-06T02:06:25.000Z
Chart GBP/USD Update: Consolidating test of 1.3500
1
Settled back from test of the 1.3500 level as prices consolidate strong gains from the 1.3273 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | congestion | S1 | 1.3400 | * | congestion | |
| R3 | 1.3568 | * | Sep high | S2 | 1.3350 | * | congestion | |
| R2 | 1.3550 | * | congestion | S3 | 1.3300 | ** | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3273 | * | 28 Jul low |
Asterisk denotes strength of level
02:00 GMT - Settled back from test of the 1.3500 level as prices consolidate strong gains from the 1.3273 support. Consolidation is expected to give way to break later to extend bullish gains from the 1.3140 October low and retrace losses from the 1.3675, August high. Clearance will see scope to 1.3550/68, congestion and September high. Meanwhile, support is raised to the 1.3420/00 high of 22 October and congestion area which should underpin. Failure here here will open up room for deeper corrective pullback to support at the 1.3350 congestion.