Published: 2026-09-25T01:53:21.000Z
Chart GBP/USD Update: Consolidating at 1.3200, room for lower later
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Further losses has seen extension to the 1.3200 level and channel support from November low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3450 | * | congestion | S1 | 1.3200 | * | congestion, channel | |
| R3 | 1.3400 | ** | congestion | S2 | 1.3140 | ** | 24 Jun YTD low | |
| R2 | 1.3350 | * | congestion | S3 | 1.3100 | * | congestion | |
| R1 | 1.3273/00 | * | 28 Jul low, congestion | S4 | 1.3010 | ** | Nov 2025 low |
Asterisk denotes strength of level
01:50 GMT - Further losses has seen extension to the 1.3200 level and channel support from November low. Consolidation here see prices unwinding oversold intraday studies but bearish momentum keep pressure on the downside and see room to extend losses from the 1.3675, August high. Break will see room to retest the 1.3160 March low then the 1.3140, June current year low, where reaction can be expected. Meanwhile, resistance remains at the 1.3273/00 low of 28 July and congestion area. Regaining these will ease the downside pressure and see room for stronger bounce to the 1.3350/1.3400 area.