Published: 2025-10-07T07:34:22.000Z
Chart GBP/USD Update: Cautious trade
1
Little change, as prices extend cautious trade within the 1.3400 - 1.3500 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3700 | minor congestion | S1 | 1.3400 | * | congestion | ||
| R3 | 1.3600 | * | break level | S2 | 1.3324 | ** | 25 Sep (m) low | |
| R2 | 1.3527 | * | 1 Oct (w) high | S3 | 1.3300 | * | congestion | |
| R1 | 1.3500 | * | congestion | S4 | 1.3200 | * | congestion |
Asterisk denotes strength of level
08:10 BST - Little change, as prices extend cautious trade within the 1.3400 - 1.3500 range. Intraday studies are under pressure, highlighting room for a test of congestion support at 1.3400. But improving daily readings and mixed weekly charts are expected to limit any break in renewed buying interest above the 1.3324 monthly low of 25 September. Meanwhile, resistance is at congestion around 1.3500 and extends to the 1.3527 weekly high of 1 October. This range should cap any immediate tests higher. A close above here, if seen, will improve price action and extend late-September gains towards resistance at 1.3600.