Published: 2025-12-10T01:38:50.000Z
Chart GBP/USD Update: Consolidating, room for higher later
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Lower in consolidation from the 1.3385 high as prices unwind overbought intraday and daily studies
| 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
01:40 GMT - Lower in consolidation from the 1.3385 high as prices unwind overbought intraday and daily studies and consolidate gains from the November lows. Positive weekly studies suggest consolidation giving way to renewed buying interest later to further retrace the September/November losses. Above the 1.3385 high and the 1.3400 level will open up room for extension to the 1.3471 resistance then the strong resistance at the 1.3500/27 area. Meanwhile, support at the 1.3300/1.3275 area should underpin and sustains gains from the 1.3038/10, November lows.