Published: 2025-10-10T02:16:50.000Z
Chart GBP/USD Update: Consolidating at 1.3300 level
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Consolidation at the 1.3400 level has given way to break to reach the 1.3295 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3536 | * | 23 Sep high | S1 | 1.3300 | * | congestion | |
| R3 | 1.3500 | * | congestion | S2 | 1.3200 | * | congestion | |
| R2 | 1.3400/44 | * | congestion, Apr high | S3 | 1.3140 | ** | May, Aug lows | |
| R1 | 1.3324 | * | Sep low | S4 | 1.3100 | * | congestion |
Asterisk denotes strength of level
02:10 GMT - Consolidation at the 1.3400 level has given way to break to reach the 1.3295 low. Prices has since edged up to unwind oversold intraday studies but the downside remains vulnerable. Consolidation at the 1.3300 level is expected to give way to renewed selling pressure later and lower will see room for extension to 1.3200 congestion then the 1.3140 low. Meanwhile, resistance is lowered to 1.3324 low of September and extending to the 1.3400/44 congestion area which is expected to cap and sustain losses from 1.3500/27 swing high.