Published: 2025-10-24T01:49:50.000Z
Chart GBP/USD Update: Under pressure, 1.3300 at risk
1
Extending consolidation just above the 1.3300 level but pressure remains on the downside
| 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 - Extending consolidation just above the 1.3300 level but pressure remains on the downside following pullback from the 1.3471, Friday's high. Daily and weekly studies are tracking lower and suggest scope for break lower to turn focus to the 1.3248, 14 October low. Below this will extend the broader losses from the 1.3726 September high and see room to retest support at the 1.3200 congestion and the 1.3140, May/August lows. Meanwhile, resistance is lowered to the 1.3400 congestion which is expected to cap and sustain pullback from the 1.3471 high.