Published: 2025-12-01T01:11:10.000Z
Chart GBP/USD Update: Consolidating, room for higher later
3
Little change, as prices extend consolidation at the 1.3250/1.3200 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3470 | * | 17 Oct high | S1 | 1.3200 | * | congestion | |
| R3 | 1.3400 | * | congestion | S2 | 1.3100 | * | congestion | |
| R2 | 1.3370 | * | 28 Oct high | S3 | 1.3038 | * | 20 Nov low | |
| R1 | 1.3300/23 | ** | congestion, Sep low | S4 | 1.3010 | ** | 4 Nov low |
Asterisk denotes strength of level
01:10 GMT - Little change, as prices extend consolidation at the 1.3250/1.3200 area. However, this is expected to give way further gains later to retrace the September/November losses. Higher will see room for extension towards strong resistance at 1.3300/23, congestion and September low. Would expect reaction here but a later break here will see potential for stronger gains to resistance at 1.3370/1.3400 area. Meanwhile, support is at the 1.3200 level and this should underpin and sustain bounce from the 1.3038/1.3010, November lows.