Published: 2025-12-11T01:57:40.000Z
Chart GBP/USD Update: Pressuring 1.3385/1.3400 resistance
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Consolidation at the 1.3300 level has given way to bounce to retest the 1.3385 high of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3500/27 | ** | congestion, 1 Oct high | S1 | 1.3300 | * | congestion | |
| R3 | 1.3471 | * | 17 Oct high | S2 | 1.3215/00 | ** | 13 Nov high, congestion | |
| R2 | 1.3400 | * | congestion | S3 | 1.3140 | * | Aug low | |
| R1 | 1.3385 | * | 4 Dec high | S4 | 1.3100 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Consolidation at the 1.3300 level has given way to bounce to retest the 1.3385 high of last week. Positive prices action from the 1.3010 November low suggest scope for break here further retrace the September/November losses. Above here and 1.3400 level will open up room for extension to the 1.3471 resistance then the strong resistance at the 1.3500/27, congestion and October high. Meanwhile, support at the 1.3300/1.3275 area should underpin and sustains gains from the 1.3038/10, November lows.