Published: 2025-12-15T01:43:06.000Z
Chart GBP/USD Update: Consolidating below 1.3400 level
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No follow-through on break of the 1.3400 level as prices unwind overbought intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | congestion | S1 | 1.3350/00 | * | congestion | |
| R3 | 1.3500/27 | ** | congestion, 1 Oct high | S2 | 1.3215/00 | ** | 13 Nov high, congestion | |
| R2 | 1.3471 | * | 17 Oct high | S3 | 1.3140 | * | Aug low | |
| R1 | 1.3400 | * | congestion | S4 | 1.3100 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - No follow-through on break of the 1.3400 level as prices unwind overbought intraday and daily studies. However, this is expected to give way to break later to further retrace the September/November losses. Clearance here will see room for extension to resistance at 1.3471 then the strong resistance at the 1.3500/27, congestion and October high. Higher still, will see room to the 1.3600 level. Meanwhile, support is raised to the 1.3350/1.3300 area which should underpin and sustains gains from the 1.3038/10, November lows.