Published: 2026-11-12T02:22:27.000Z
Chart GBP/USD Update: Under pressure
1
Sharply lower to extend rejection from the 1.3500 high of last week to approach to reach strong support at the 1.3300/1.3273 congestion and late-July low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500 | ** | congestion, 4 Nov high | S1 | 1.3273 | ** | 28 Jul low | |
| R3 | 1.3450 | * | congestion | S2 | 1.3250 | * | congestion | |
| R2 | 1.3400 | ** | congestion | S3 | 1.3200 | * | congestion | |
| R1 | 1.3300/50 | * | congestion | S4 | 1.3137 | ** | 14 Oct YTD low |
Asterisk denotes strength of level
02:15 GMT - Sharply lower to extend rejection from the 1.3500 high of last week to approach to reach strong support at the 1.3300/1.3273 congestion and late-July low. Break here, will return focus to the downside and see room to the 1.3250/00 congestion. Below here will return focus to the 1.3140/37 lows. Meanwhile, resistance is lowered to the 1.3300/50 congestion area is expected to cap immediate corrective bounce. Regaining this needed to fade the downside pressure and see room for stronger bounce to retrace losses from the 1.3500 high.