Published: 2025-12-18T01:37:36.000Z
Chart GBP/USD Update: Lower in consolidation from 1.3455 high
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Lower in consolidation from the 1.3455 high as prices unwind overbought intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | * | congestion | S1 | 1.3300 | * | congestion | |
| R3 | 1.3500/27 | ** | congestion, 1 Oct high | S2 | 1.3250 | * | congestion | |
| R2 | 1.3455 | * | 16 Dec high | S3 | 1.3215/00 | ** | 13 Nov high, congestion | |
| R1 | 1.3400 | * | congestion | S4 | 1.3140 | * | Aug low |
Asterisk denotes strength of level
01:30 GMT - Lower in consolidation from the 1.3455 high as prices unwind overbought intraday and daily studies. Break of the 1.3400/1.3342 area has seen pullback to approach support at the 1.3300 congestion. Below this will open up room for deeper correction to the 1.3250 congestion then strong support at the 1.3215/00 area. The latter expected to underpin and give way to renewed buying interest later for retest of the 1.3400 level then the 1.3455 high. Clearance here will see room for extension to strong resistance at the 1.3500/27 congestion and 1st October high.