Published: 2025-09-30T01:29:04.000Z
Chart GBP/USD Update: Higher in range from 1.3324 low
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Range bound in consolidation from the 1.3324 Thursday's low as prices unwind oversold intraday studies to reach 1.3450/66 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3600 | ** | Aug high, congestion | S1 | 1.3324 | ** | 25 Sep low | |
| R3 | 1.3536 | * | 23 Sep high | S2 | 1.3300 | * | congestion | |
| R2 | 1.3500 | * | congestion | S3 | 1.3200 | * | congestion | |
| R1 | 1.3450/66 | * | congestion, 25 Sep high | S4 | 1.3140 | ** | May/Aug lows |
Asterisk denotes strength of level
01:20 GMT - Range bound in consolidation from the 1.3324 Thursday's low as prices unwind oversold intraday studies to reach the 1.3450/66 area. Break here will open up room for stronger corrective bounce to retrace losses from the 1.3726 high and see room to resistance at 1.3500/36 area which is expected to cap. Corrective bounce is expected to give way to renewed selling pressure later to retrace the August/September rally. Below the 1.3324 low will open up room for deeper pullback to support at the 1.3300/1.3200 congestion.