Published: 2025-10-23T01:55:31.000Z
Chart GBP/USD Update: Extending pullback from 1.3471 high
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Prices remain under pressure to extend pullback from the 1.3471, Friday's high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | Aug high, congestion | S1 | 1.3300 | * | congestion | |
| R3 | 1.3500 | * | congestion | S2 | 1.3248 | ** | 14 Oct low | |
| R2 | 1.3471 | * | 17 Oct high | S3 | 1.3200 | * | congestion | |
| R1 | 1.3400 | * | congestion | S4 | 1.3140 | ** | May, Aug lows |
Asterisk denotes strength of level
01:50 GMT - Prices remain under pressure to extend pullback from the 1.3471, Friday's high. Daily and weekly studies are tracking lower and room for extension to support at the 1.3300 congestion. Below here will turn focus to the 1.3248, 14 October low. Break here will extend losses from the 1.3726 September high and see room to support at the 1.3200 congestion and the 1.3140, May and August lows. Meanwhile, resistance is lowered to the 1.3400 congestion which is now expected to cap and sustain pullback from the 1.3471 high.