Published: 2026-11-03T01:59:49.000Z
Chart GBP/USD Update: Consolidating at 1.3400, room for higher later
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Settling back from test of the 1.3450 resistance as prices consolidate bullish break of the 1.3400 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3550 | ** | congestion | S1 | 1.3380 | * | intraday congestion | |
| R3 | 1.3500 | * | congestion | S2 | 1.3350 | * | congestion | |
| R2 | 1.3475 | ** | 2 Sep low | S3 | 1.3300 | ** | congestion | |
| R1 | 1.3450 | * | congestion | S4 | 1.3273 | * | 28 Jul low |
Asterisk denotes strength of level
01:50 GMT - Settling back from test of the 1.3450 resistance as prices consolidate bullish break of the 1.3400 level. Pullback see prices unwinding overbought intraday studies but consolidation is expected to give way to fresh gains later to retrace the August/October losses. Above the 1.3450 congestion will see room to strong resistance at the 1.3475/1.3500 area. Higher still, will see room to the 1.3550/65 congestion and September high. Meanwhile, support is raised to the 1.3380/50 ongestion area which should underpin and sustain bounce from the 1.3300/1.3273 area.