Published: 2025-11-11T01:39:50.000Z
Chart GBP/USD Update: Consolidating beneath 1.3200, room for higher
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Settled back from the 1.3190 high as prices consolidate bounce from the 1.3010 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3400 | * | congestion | S1 | 1.3140 | * | 1 Aug low | |
| 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 | * | congestion | S4 | 1.2900 | congestion |
Asterisk denotes strength of level
01:30 GMT - Settled back from the 1.3190 high as prices consolidate bounce from the 1.3010 low. Positive daily chart suggest consolidation to give way to renewed buying interest later to further retrace recent sharp losses from the 1.3726, September high. Break above the 1.3200 level will see room to resistance at 1.3248 then the 1.3300/24, congestion and September low. Meanwhile, support is at the 1.3140 low of August which should now underpin and sustain gains from strong support at the 1.3010/00 area.