Published: 2025-11-19T01:37:38.000Z
Chart GBP/USD Update: Extend choppy trade below 1.3200/15 highs
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Little change, as prices extend choppy trade below the 1.3200/15 highs of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | * | congestion | S1 | 1.3100 | * | congestion | |
| R3 | 1.3300/24 | ** | congestion, Sep low | S2 | 1.3010/00 | ** | 4 Nov low, congestion | |
| R2 | 1.3248 | * | 14 Oct low | S3 | 1.2945 | * | 50% Jan/Jul rally | |
| R1 | 1.3200/15 | * | congestion, 13 Nov high | S4 | 1.2900 | congestion |
Asterisk denotes strength of level
01:30 GMT - Little change, as prices extend choppy trade below the 1.3200/15 highs of last week. Daily studies are unwinding overbought reading and pullback see room to retest support at the 1.3100 level. Break here will open up room for retest of the 1.3010/00 support which is expected to underpin and give way to renewed buying interest later. Failure here will further extend losses from the 1.3726 high of September and see scope for extension to 1.2945, 50% Fibonacci level. Meanwhile, resistance at the 1.3200/15 highs is expected to cap.