GBP/USD AI Live Scan, 15-minute chart, Wednesday, 4 November 2026
Every read JAFX AI made on the GBP/USD 15-minute chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:46 UTC
Pullback from day high, basing · RSI 60 · price 1.34751
Higher lows under a 1.3477 lower high, early Asia.
GBP/USD hit a 1.3503 day high in early NY on post-midterm USD selling, then met rejection after the ADP beat and slid to a 1.3454 NY low. Higher lows at 1.3460 and 1.3463 at rollover now hold price just above the ema20/50 and under the 1.3477 lower high, between the 38.2% and 50% retrace of the day high retrace, with thin early-Asia ranges (ATR ~4 pips).
Support: 1.3471, 1.3460, 1.3454
Resistance: 1.3477, 1.3503
What it said to watch
M15 close above the 1.3477 lower high clears the 50% retrace and opens the 1.3500/1.3503 day high
Failure to hold the 1.3460 higher low and rising trendline exposes the 1.3454 NY low
Slip back below the ema20/50 cluster near 1.3471 returns price to the 1.3460–1.3477 box
BoE decision Thu 12:00 UTC (7-2 hike priced) is the next scheduled risk for this structure
23:31 UTC
Sideways after NY rejection at 1.3503 · RSI 60 · price 1.34739
Lower high at 1.3477, tight range 1.3460–1.3477.
Wednesday's post-midterm USD selloff carried GBPUSD from 1.3414 to a 1.3503 session high just after the NY open. Supply capped it there after the ADP beat, and NY hours sold it back to the 1.3454 ny low. Price now sits at the 38.2% retracement of that drop (~1.3473) in thin early-Asia trade, boxed between the late ny low at 1.3460 and the ny bounce hi at 1.3477 near the 50% level.
Support: 1.3460, 1.34544, 1.3448
Resistance: 1.34773, 1.3503
What it said to watch
M15 close above the 1.3477 ny bounce hi and the 50% retracement reopens the 1.3503 session high
Failure to hold the 1.3460 late ny low exposes the 1.3454 ny low, then the 1.3448 asian low
BoE decision Thu 12:00 UTC (7-2 hike priced) and US claims at 13:30 UTC could materially shift this read
23:16 UTC
Pullback from session high, now compressing · RSI 54 · price 1.34706
Rising lows inside a tight 1.3460–1.3477 band below a lower high.
London extended the USD-driven rally (post-midterm dollar selloff) to a 1.3503 session high, but the NY session rejected it with a ~50-pip drop to the 1.3454 NY low. Since then price has printed rising lows into a tight band, with the range low at 1.3460 and the range top at 1.3477 capped between the 38.2% and 50% fib of that drop. ATR(14) is near 5 pips into early Asia.
Support: 1.3460, 1.34544, 1.34478
Resistance: 1.34773, 1.3503
What it said to watch
M15 close above the 1.3477 range top and the 50% fib reopens the 1.3503 session high
Loss of the rising lows and the 1.3460 range low exposes the 1.3454 NY low, then the 1.3448 Asian low
BoE decision Thu 12:00 UTC (7-2 hike priced) and Bailey at 12:30 UTC; a vote-split surprise could break the range
US jobless claims Thu 13:30 UTC could shift the USD leg that drove the session high
23:01 UTC
Pullback from day high, compressing · RSI 51 · price 1.34683
Lower highs over evening lows, tightening range.
Rejection at the 1.3503 day high at the NY open. The ADP beat then pulled price down 49 pips to the 1.3454 ny low. Since then, lower highs at 1.3477/1.3476 sit inside the 38.2–50% fib of that drop, over evening lows near 1.3460, with a thin post-rollover tape and price just under EMA20.
Support: 1.3460, 1.3454, 1.3448
Resistance: 1.3477, 1.3503
What it said to watch
M15 close above 1.3477 breaks the lower highs sequence and reopens the 1.3503 day high
Failure to hold the 1.3460 evening low exposes the 1.3454 ny low, then the 1.3448 asian low
BoE decision Thu 12:00 UTC (25bp hike priced, guidance the risk) could materially shift this read
22:46 UTC
Pullback from day high, now flat · RSI 53 · price 1.34685
Compressing range 1.3460–1.3477 after NY fade.
London broke the Asian high and ran to a 1.3503 day high at the NY open on broad USD weakness. The ADP beat triggered a rejection to a 1.3454 NY low, and late NY plus the rollover have since compressed: the 1.3476 lower high sits at the 38.2% retrace of the 1.3503 fade, with rising support from higher lows above the 1.3460 swing low. RSI(14) is neutral near 53 and ATR(14) is about 5 pips.
Support: 1.3460, 1.3454
Resistance: 1.3476, 1.3503
What it said to watch
M15 close above the 1.3476 lower high opens the 61.8% retrace near 1.3484 and the 1.3503 day high
Loss of rising support and the 1.3460 swing low exposes the 1.3454 NY low
BoE decision Thu 12:00 UTC (hike to 4.00% priced) and Bailey at 12:30 UTC could materially shift this read
Thin Asia session: the compression may persist until London open
22:31 UTC
Pullback from 1.3503 high, now flat · RSI 54 · price 1.34684
Lower highs off 1.3503; 1.3460–1.3476 range since late NY.
The midterm-driven USD selloff carried GBPUSD to 1.3503 early in the NY session, but rejection just above the 1.3500 round number sent price down to the 1.3454 NY low. Since then price has held a tight 1.3460–1.3476 range into the rollover. The range top sits on the 38.2% fib of the 1.3503–1.3454 drop. ATR is compressed near 5 pips in thin post-NY trade.
Support: 1.3460, 1.3454
Resistance: 1.3476, 1.3500
What it said to watch
M15 close above the 1.3476 range top and 38.2% fib reopens the 1.3500 round number
Failure to hold the 1.3460 swing low exposes the 1.3454 NY low
BoE decision Thu 12:00 GMT (hike to 4% priced, 7-2 vote f/c) could materially shift this read in the London session
22:16 UTC
Pullback from 1.3503 high, now flat · RSI 52 · price 1.34684
Tight range: lower highs near 1.3477 over a 1.3460 base.
The midterm-driven USD selloff lifted GBPUSD from 1.3408 through the Asian range and London to a 1.3503 session high, where it was rejected just above 1.3500. NY unwound it to a 1.3454 NY low. Since then price has compressed between the 1.3460 NY base and lower highs near 1.3477, holding below EMA20 into the rollover with RSI(14) neutral near 52 and ATR around 5 pips.
Support: 1.3460, 1.34544, 1.3448
Resistance: 1.34773, 1.3503
What it said to watch
An M15 close above the 1.3477 lower high clears the 38.2–50% fib retrace zone and reopens the 1.3503 session high
Failure to hold the 1.3460 NY base, then the 1.3454 NY low, turns the bounce into a lower low and exposes the 1.3448 Asian low
Thin Asia session liquidity after rollover may keep price inside the 1.3460–1.3477 range
BoE decision Thu 12:00 GMT (vote split vs the 7-2 forecast) and US jobless claims at 13:30 UTC could materially shift this read
Lower highs off the 1.3503 day high; late-session 1.3460–1.3477 box.
The midterm-driven USD selloff carried cable to a 1.3503 day high at NY open, where it met rejection and faded to the 1.3454 NY low. Late NY has compressed into a 1.3460 swing low to 1.3477 range top box, capped near the 38.2% fib, with price pinned to EMA20 and ATR shrinking to about 5 pips.
Support: 1.3460, 1.3454, 1.3448
Resistance: 1.3477, 1.3490, 1.3503
What it said to watch
M15 close above the 1.3477 range top opens the 1.3490 lower high, then the 1.3503 day high
Loss of the 1.3460 swing low exposes the 1.3454 NY low and the 1.3448 asian low
Thin Asia session liquidity ahead; BoE decision Thu 12:00 GMT (7-2 vote f/c) and US jobless claims at 13:30 UTC could materially shift this read
London broke above the Asian range to 1.3503 and was rejected; NY retraced to 1.3454 and set a higher low at 1.3460; now a tight 1.3460–1.3477 box.
London broke the Asian range on the USD selloff after the midterms and reached a 1.3503 session high at the NY open, then met rejection below 1.3500 and slid to the 1.3454 NY low. A higher low at 1.3460 held into late NY, and price is now boxed under the 1.3477 swing high. RSI is flat near 48 and ATR has contracted to about 5 pips, so there is no momentum in either direction.
Support: 1.3460, 1.3454, 1.3448
Resistance: 1.3477, 1.3503
What it said to watch
M15 close below the 1.3460 higher low reopens the 1.3454 NY low and the 1.3448 asian low
M15 close above the 1.3477 swing high puts the 1.3503 session high back in play
A break of the higher low line ends the post-rejection base
BoE decision Thu 12:00 GMT (25bp hike priced, vote split key) and US claims at 13:30 UTC could materially shift this read
Lower high at 1.3503, NY low 1.3454, then higher low and tight late-NY range.
The midterm-driven USD selloff carried GBPUSD through the Asian range high. London extended to a 1.3503 session high before the pair was rejected into NY and slid to a 1.3454 NY low. A higher low at 1.3460 followed and price is now compressed at the 38.2% retrace of the NY selloff, around 1.3473, just under the 1.3477 late NY cap.
Support: 1.3460, 1.3454
Resistance: 1.3477, 1.3503
What it said to watch
Close above the 1.3477 late NY cap opens a retest of the 1.3503 session high and 1.3500 psych
Failure to hold the 1.3460 higher low breaks the NY higher lows line and exposes the 1.3454 NY low
BoE decision Thu 12:00 GMT (25bp hike priced, vote split vs 7-2) and Bailey at 12:30 could materially shift this read
US jobless claims Thu 13:30 UTC as an NFP preview; a USD rebound would test the post-midterm move
21:16 UTC
Post-rally pullback, flattening after NY · RSI 46 · price 1.34709
Lower highs from 1.3503, holding above NY low.
The midterm-driven USD selloff lifted GBPUSD from 1.3408 in early Asia to a 1.3503 day high in NY, where it was rejected back into the Asian range. Post-NY trade is consolidating between the 1.3460 late-NY low and the 1.3477 lower high, capped near the 38.2% fib, with RSI(14) neutral at 46.
Support: 1.3460, 1.34544
Resistance: 1.34773, 1.3503
What it said to watch
M15 close above the 1.3477 lower high and the 50% fib near 1.3479 breaks the lower-high sequence from the day high
Failure to hold the 1.3460 late-NY low exposes the 1.3454 NY low, where the session floor was set twice
BoE decision Thu 12:00 GMT (vote split vs 7-2) is the next event risk with the potential to reset this structure
21:01 UTC
Pullback from 1.3503 high, basing in late NY · RSI 52 · price 1.3473
Lower high at 1.3477 after rejection; higher low at 1.3460 off the 1.3454 NY low.
Midterm-driven USD selling lifted cable from 1.3408 through Asia and London to a 1.3503 session high in early NY. Price was rejected there as the ADP beat pared USD losses, and the drop stalled at the 1.3454 NY low. Late NY has since printed a higher low at the 1.3460 NY base and is pressing the 38.2% fib near 1.3473, with the 1.3477 lower high still capping.
Support: 1.3460, 1.3454, 1.3448
Resistance: 1.3477, 1.3484, 1.3503
What it said to watch
M15 close above the 1.3477 lower high opens the 61.8% fib at 1.3484 and the 1.3503 session high
Failure to hold the 1.3460 NY base re-exposes the 1.3454 NY low, then the 1.3448 asian low
Thin post-NY / Asia liquidity keeps ranges near the ~6-pip ATR until London
BoE decision Thu 12:00 GMT and US claims at 13:30 UTC could materially shift this read
Lower high off 1.3503, higher low at 1.3460, retesting Asian high.
The midterm-driven USD selloff carried GBPUSD through the Asian high during London to a 1.3503 session high, where it was rejected and slid to a 1.3454 NY low. Late NY printed a higher low at 1.3460 and price is back at the 1.3478 Asian high, which lines up with the 50% fib of the drop. RSI(14) sits near 56 and price is only marginally above EMA20 and EMA50.
Support: 1.3460, 1.3454, 1.3448
Resistance: 1.3478, 1.3503
What it said to watch
M15 close above the 1.3478 asian high and 50% fib puts the 1.3503 session high back in play
Failure to hold the 1.3460 higher low reopens the 1.3454 ny low and the 1.3448 asian low
Liquidity is thin after the NY close, and the BoE decision Thu 12:00 GMT (25bp hike priced, vote split key) could materially shift this read
20:16 UTC
Pulled back from day high, late-NY consolidation · RSI 46 · price 1.34678
Lower highs since 1.3503; compressing 1.3460–1.3477.
Midterm-driven USD selling carried GBPUSD through the asian high at 1.3478 in London to a day high of 1.3503. Price was rejected there at the London-NY transition and slid to the 1.3454 ny low during NY hours. Late NY it is consolidating between the 1.3460 swing low and 1.3477, capped under the 50% of the NY drop fib, with RSI(14) near 46 and price pinned at EMA20.
Support: 1.3460, 1.3454, 1.3448
Resistance: 1.3478, 1.3503
What it said to watch
M15 close above the 1.3478 asian high, the 50% of the NY drop fib, reopens the 1.3503 day high
Failure to hold the 1.3460 swing low exposes the 1.3454 ny low and the 1.3448 asian low
ATR(14) about 7 pips; a move beyond the 1.3460–1.3477 box would mark the end of the late-NY compression
BoE decision Thu 12:00 GMT, vote split vs 7-2 f/c, and Bailey at 12:30 could materially shift this read
20:01 UTC
Pullback from session high, lower highs through NY · RSI 46 · price 1.34647
Lower-high sequence off 1.3503; late-NY basing 1.3460–1.3477.
GBP/USD tagged a 7-week high at 1.3503 at the London-NY transition on the post-midterm USD selloff, then faded through NY in lower highs to a 1.3454 NY low, with a firm ADP print helping pare USD losses. Late NY is holding a ny base near 1.3460, around the 78.6% of the rally fib, with RSI(14) flat at 46 and price below both EMAs.
Support: 1.3460, 1.3454, 1.3448
Resistance: 1.3477, 1.3503
What it said to watch
M15 close below the 1.3454 ny low exposes the 1.3448 asian low and a full retrace of the rally fib
M15 close above the 1.3477 bounce high breaks the lower-high trendline from the 7-week high
BoE decision Thu 12:00 GMT (25bp hike priced, vote split key) could materially shift this read
Lower highs from 1.3503; late-NY range 1.3454–1.3477.
The post-midterm USD selloff lifted cable from 1.3408 to a 7-week high at 1.3503 around the NY open. It faded after the ADP beat into a sequence of lower highs. Late NY, price is coiling at the 38.2% fib near 1.3466, with an NY base at 1.3460 above the 1.3454 NY low, which sits on the 50% retracement. RSI(14) is neutral near 46.
Support: 1.3460, 1.34544, 1.34478
Resistance: 1.34773, 1.3503
What it said to watch
A close below the 1.3454 NY low exposes the 61.8% fib zone and the 1.3448 Asian low
A close above the 1.3477 lower high breaks the NY lower-high sequence and reopens 1.3490–1.3503
Repeated holds of the 1.3460 NY base keep the late-NY range intact
BoE decision Thu 12:00 GMT is the next scheduled catalyst; until then the 1.3454–1.3477 range frames the Asian session
19:16 UTC
Pullback from session high, intraday range forming · RSI 44 · price 1.34638
Lower high after 1.3503 rejection, late-NY range 1.3454–1.3477.
The post-midterm USD selloff lifted GBPUSD through Asia and London to a 7wk high at 1.3503. It was rejected in early NY as the ADP beat helped the dollar pare losses. The NY selloff stalled at the 1.3454 ny low, and price is now rotating between that floor and the 1.3477 bounce high, with RSI(14) neutral near 44 and price below both EMAs.
Support: 1.34595, 1.34544, 1.34478
Resistance: 1.34773, 1.3503
What it said to watch
M15 close below the 1.3454 ny low confirms a lower-low and opens the 1.3448 asia low
Reclaim of the 1.3477 bounce high breaks the descending trendline and puts the 7wk high at 1.3503 back in view
Failure to hold the 1.3460 swing low puts the range floor back under test
BoE decision Thu 12:00 GMT carries sell-the-fact risk and could materially shift this read
Rejection at 1.3503 high, lower highs into 1.3454-1.3477 range.
The midterm-driven USD selloff lifted cable from 1.3408 in Asia. London broke the session's range and NY open printed a 7wk high at 1.3503 before rejection. Through the ADP/ISM releases price carved lower highs, and the NY low at 1.3454 held near the 50% fib. Late NY now trades mid-range below EMA20/50, just above the 1.3460 swing low, with RSI(14) at 43.
Support: 1.3460, 1.3454, 1.3448
Resistance: 1.3477, 1.3490, 1.3503
What it said to watch
Close below the 1.3454 ny low exposes the 1.3448 asian low and the 61.8% fib near 1.3444
Recovery through the 1.3477 range top and the lower-highs line puts the 1.3490 lower high back in play
Loss of the 1.3460 swing low keeps the lower-highs sequence intact
BoE decision and vote split Thu 12:00 GMT, Bailey 12:30 GMT, could materially shift this read
18:46 UTC
Pullback from session high, now flat · RSI 44 · price 1.34676
Lower highs from 1.3503, consolidating 1.3454–1.3477 inside the Asian range.
The midterm USD selloff lifted cable out of the 1.3408 Asia low. London then broke the asian high and printed a 7-week high at 1.3503, before rejection into the US data pulled price to the 1.3454 NY low. The late-NY bounce stalled at the 1.3477 asian high, near the 50% fib, and price is back inside the Asian range below both EMAs.
Support: 1.3454, 1.3448
Resistance: 1.3477, 1.3490, 1.3503
What it said to watch
Close above 1.3477 (asian high / 50% fib) opens the 1.3490 lower high
Failure to hold the 1.3454 ny low exposes the 1.3448 asian low
BoE decision Thu 12:00 GMT could materially shift this read
USD selling on the midterm result lifted GBPUSD from 1.3408 at the rollover to a 1.3503 session high around NY open. The push through 1.3500 failed, and price retraced to the 50% fib at 1.3454 after London close, matching the London-open low. A late-NY bounce to the 1.3477 bounce high has price sitting on EMA20/50 with RSI(14) near 47, while the 1.3490 lower high still caps.
Support: 1.3462, 1.3454
Resistance: 1.3477, 1.3490, 1.3503
What it said to watch
M15 close above the 1.3477 bounce high reopens the 1.3490 lower high
Failure to hold the 1.3462 swing low puts the 1.3454 50% fib back in play; a break there extends the lower-low chain
Acceptance above the 1.3503 session high and 1.3500 negates the false break read
BoE decision and vote split Thu 12:00 GMT could materially shift this read
18:16 UTC
Intraday pullback from 7-week high, lower highs since NY open · RSI 43 · price 1.34712
Lower highs and lower lows off 1.3503, corrective bounce stalling under Asian high.
The post-midterm USD selloff carried cable to a 1.3503 day high (7-week high) in early NY, then a rejection there set off lower highs down to the 1.3455 NY low, back inside the Asian range. The late-NY bounce stalled at 1.3477, just under the 1.3479 Asian high and the 50% fib of the NY drop, with price below both EMAs and RSI(14) near 43.
Support: 1.3462, 1.3455, 1.3448
Resistance: 1.3479, 1.3490, 1.3503
What it said to watch
M15 close above the 1.3479 Asian high / 50% fib reopens the 1.3490 lower high and 1.3503 day high
Failure to hold the 1.3462 swing low and the 1.3455 NY low extends the lower-low sequence toward the 1.3448 asia pb low
BoE decision and vote split Thu 12:00 GMT, with Bailey at 12:30, could materially shift this read
18:01 UTC
Pullback from session high, rebound in progress · RSI 46 · price 1.34768
Lower highs from 1.3503 into the 1.3454 NY low; bounce now testing the 50% retrace.
The USD selloff on the Democratic midterm sweep lifted cable from 1.3408 in Asia to a 1.3503 session high in London, which was rejected around the ADP beat. NY then printed lower highs down to a 1.3454 NY low before snapping back to 1.3477, reclaiming both EMAs and sitting at the 50% retrace of the 1.3503–1.3454 leg. The 1.3490 lower high caps the bounce for now.
Support: 1.3462, 1.3454
Resistance: 1.3490, 1.3503
What it said to watch
M15 close above the 1.3490 lower high reopens the 1.3503 session high
Rejection at the 50% retrace and a break of the 1.3462 swing low exposes the 1.3454 NY low again
BoE decision Thu 12:00 GMT (4.00% expected, 7-2 split) sits outside this window but could reset the intraday structure
NY lower highs/lows off 1.3503, bounce testing 38.2% fib.
The London leg on post-midterm USD weakness peaked at the 1.3503 day high early in NY. Price then printed lower highs down to a 1.3454 session low, holding above the 1.3462 swing low area only briefly. A late-NY bounce has retraced to the 38.2% fib near 1.3473, with the bounce high at 1.3477 capping and price sitting right on the EMA20/50. RSI(14) is neutral near 47.
Support: 1.3462, 1.34544, 1.3448
Resistance: 1.34769, 1.34905, 1.3503
What it said to watch
M15 close above the 1.3477 bounce high and 50% fib opens the NY lower high at 1.3490
Slip back below the 1.3462 swing low puts the 1.3454 session low and 1.3448 Asia swing low back in play
Acceptance above the 1.3503 day high would negate the NY rejection
BoE decision and vote split Thu 12:00 GMT, Bailey at 12:30, could materially shift this read
17:31 UTC
Pullback within intraday uptrend · RSI 47 · price 1.34721
Lower highs from 1.3503, 50% retrace held.
The post-midterm USD selloff carried GBPUSD out of the Asian high at 1.3479 to a 7-week high at 1.3503. NY then faded it in lower highs to a 1.3454 session low, near the 50% retracement, and the late NY bounce now retests 1.3479 with RSI(14) near 47 and price sitting on EMA20.
Support: 1.3462, 1.3454
Resistance: 1.3479, 1.3490, 1.3503
What it said to watch
M15 close above the 1.3479 asian high puts the 1.3490 lower high and 1.3503 7-week high back in play
Failure to hold the 1.3462 swing low reopens the 1.3454 session low and the 50% fib
A break below 1.3454 loses the 50% retracement and turns the session into a lower-low sequence
BoE decision Thu 12:00 GMT, with a 7-2 hike priced, could materially shift this read
Lower highs and lower lows since 1.3503 session high.
The USD selloff on the Democratic midterm sweep lifted GBPUSD from 1.3408 in Asia to a 1.3503 session high in London. The push through 1.3500 turned into a false break, and since then the pair has printed lower highs and lower lows, falling back through the 1.3479 asian high to a 1.3454 ny low. That low sits on the 50% retracement of the move. After London close, RSI(14) is near 34 and price is below EMA20 and EMA50; the 1.3448 asian pb low is the next reference below.
Support: 1.3454, 1.3448
Resistance: 1.3474, 1.3479, 1.3503
What it said to watch
M15 close above the 1.3474 lower high breaks the ny lower highs sequence and puts the 1.3479 asian high back in play
Failure to hold the 1.3454 ny low and the 1.3448 asian pb low takes price through the 50% retracement, opening the 61.8% level near 1.3444
Reclaim of the 1.3503 session high would negate the rejection read
BoE decision Thu 12:00 GMT (4.00% and 7-2 split priced) is the next scheduled risk for this structure
17:01 UTC
Intraday downtrend from the session high · RSI 32 · price 1.34577
Lower highs and lower lows through NY hours.
The USD-led midterm rally ran from 1.3408 in the Asia session to a 1.3503 session high after London, and was rejected just above 1.3500. NY hours have since printed a lower high at 1.3490, a bounce high at 1.3474 (the 38.2% fib) and a fresh session low at 1.3456, with RSI(14) near 32.
Support: 1.3456, 1.3448
Resistance: 1.3474, 1.3490, 1.3503
What it said to watch
M15 close back above the 1.3474 bounce high breaks the NY lower-high sequence
Failure to hold the 1.3456 session low exposes the 1.3448 asian low from the overnight pullback
Recovery through the 1.3490 lower high puts the 1.3503 session high back in play
No scheduled events in the next 8h; the BoE decision Thu 12:00 GMT is the next major catalyst
Double top at 1.3500 psych, lower highs and lower lows since 13:00 UTC.
The USD-driven Asia-to-London rally stalled in a double top at 1.3498/1.3503, the 7wk high. Price then rejected from 1.3500 through the NY session. It has carved lower highs down to a session low at 1.3460 and now sits on the 38.2% retracement of the rally fib, with the asian low at 1.3448 below and RSI(14) near 29.
Support: 1.3460, 1.3448
Resistance: 1.3474, 1.3503
What it said to watch
M15 close below the 1.3460 session low exposes the 1.3448 asian low and the 50% fib near 1.3455
Close above the 1.3474 lower high breaks the lower highs trendline and neutralises the pullback read
Retest of the 7wk high at 1.3503 needed to revive the rally structure
BoE decision and vote split Thu 12:00 GMT could materially shift this read
16:31 UTC
Pullback from day high, lower highs in NY · RSI 35 · price 1.3465
Lower highs from 1.3503, testing 1.3462 swing low.
A brief poke above the London high to a 7-week day high at 1.3503 during the first hour of NY, driven by USD weakness after the Democratic midterm sweep, met rejection. Price slid about 40 pips on a lower-high trendline from 1.3503 to the 1.3474 lower high. It now sits at the 1.3462 swing low, near the 61.8% fib of the London rally, with the asian low at 1.3448 below.
Support: 1.3462, 1.3448
Resistance: 1.3474, 1.3503
What it said to watch
M15 close below the 1.3462 swing low opens the asian low at 1.3448, a full retrace of the London leg
Reclaiming the 1.3474 lower high and the trendline from 1.3503 would neutralise the NY pullback
BoE decision and vote split Thu 12:00 GMT, plus US Jobless Claims 13:30 UTC, could materially shift this read
Lower highs from 1.3503, holding just above 1.3462 session low.
The post-midterm USD selloff carried cable from 1.3408 to a 1.3503 7-week high in early NY hours. A rejection there and a string of lower highs after the ADP beat took price back to a 1.3462 session low. It now sits near the 38.2% of the election rally, below the descending line from the high, with RSI(14) soft near 38.
Support: 1.3462, 1.3448
Resistance: 1.3480, 1.3503
What it said to watch
M15 close back above the 1.3480 lower high breaks the descending line and the lower-high sequence
Failure to hold the 1.3462 session low exposes the 50% of the election rally near 1.3455 and the Asian low at 1.3448
BoE decision Thu 12:00 GMT (hike to 4.00% priced, vote split in focus) could materially shift this read
16:01 UTC
Intraday uptrend stalled, NY pullback in progress · RSI 41 · price 1.34709
London HH/HL chain broken: lower low at 1.3462 after rejection at 1.3500.
London cleared the asian high at 1.3479 and extended to a session high of 1.3503 at the NY open on the post-midterm USD slide. Supply capped the 1.3500 handle, and NY has since unwound to a 1.3462 ny low, below the 1.3469 London pullback low. Late in the NY session, price is bouncing between the 61.8% and 78.6% retrace of the asian low–session high leg, with RSI(14) at 41.
Support: 1.3462, 1.3448
Resistance: 1.3479, 1.3503
What it said to watch
Failure to hold the 1.3462 ny low exposes the 1.3448 asian low and the base of the overnight range
M15 close back above the 1.3479 asian high reclaims the London breakout zone
A second rejection under the 1.3503 session high would confirm 1.3500 as an intraday cap
BoE decision Thu 12:00 UTC and vote split could materially shift this read
Lower highs from 1.3503 session high, London low 1.3469 broken.
The post-midterm USD slump lifted GBPUSD from the 1.3448 Asian low to a 1.3503 session high. Supply has capped every NY bounce since the ADP beat at 13:15 UTC, leaving a lower high at 1.3490. NY has since slipped through the 1.3469 London low to a 1.3462 NY low, completing a double top against 1.3498/1.3503, with price back below the 61.8% fib of the Asia-to-session-high leg.
Support: 1.3462, 1.3448
Resistance: 1.3469, 1.3490, 1.3503
What it said to watch
M15 close back above 1.3469 London low turns the break into a false break; failure there keeps it a retest from below
Loss of the 1.3462 NY low exposes the 1.3448 Asian low, the base of the overnight rally
Close above the 1.3490 lower high breaks the NY lower-highs line and reopens the 1.3503 session high
BoE decision and vote split Thu 12:00 UTC, with Bailey at 12:30, could materially shift this read
15:31 UTC
Intraday uptrend stalling, NY pullback in progress · RSI 38 · price 1.34693
Lower highs from the 1.3503 session high, testing the 1.3469 swing low.
The post-midterm USD slump drove an Asia session breakout from 1.3408, and London extended it to the 1.3503 session high, where the 1.3500 area capped twice. NY has since unwound through the 61.8% of the London leg to test the 1.3469 swing low, the neckline of a double top; RSI(14) sits near 38, below both EMAs.
Support: 1.3469, 1.3455
Resistance: 1.3483, 1.3503
What it said to watch
M15 close below the 1.3469 swing low confirms the double top and exposes the 1.3455 london low
Recovery above the 1.3483 range floor, now resistance, negates the breakdown read; the 1.3503 session high caps above
BoE Super Thursday (5 Nov 12:00 UTC) is the next major catalyst for cable beyond this session
15:16 UTC
Intraday uptrend, pulling back from session high · RSI 42 · price 1.34745
HL chain 1.3448 → 1.3469 intact; NY printing lower highs off 1.3503.
The USD slump after the midterms carried cable through the asian high at 1.3479 in London and on to a session high at 1.3503 just before NY. NY rejected the 1.3500 handle and has capped three bars at the ny highs near 1.3490. Price is back retesting 1.3479 from below, at the 50% fib, with RSI(14) at 42.
Support: 1.3469, 1.3448
Resistance: 1.3479, 1.3490, 1.3503
What it said to watch
M15 close below the 1.3469 swing low (61.8% fib) breaks the higher-low chain and exposes the 1.3448 asian low
Recovery above the 1.3490 ny highs line puts the 1.3503 session high back in play
BoE Super Thursday, 5 Nov 12:00 UTC, with Bailey at 12:30, could materially shift this read
The USD selloff after the Democratic midterm sweep lifted cable out of the Asian range, and London extended it to a 1.3503 session high early in NY hours. That high was rejected below 1.3500 and printed a lower high at 1.3490. Price is now retesting the asian high near 1.3478, with RSI(14) neutral at 49 and the 1.3469 swing low the next layer underneath.
Support: 1.3478, 1.3469, 1.3448
Resistance: 1.3490, 1.3503
What it said to watch
ISM Services due 15:00 UTC (f/c 54.8): a print above 56 or below 53.5 could materially shift this read
Failure to hold the 1.3469 swing low confirms a lower-low and exposes the 1.3448 asian low
M15 close back above the 1.3490 lower high reopens the 1.3503 session high and the 1.3500 figure
BoE decision Thu 12:00 UTC is the next major event risk for the pair
14:46 UTC
Uptrend, pulling back from 1.3500 · RSI 52 · price 1.34826
HH/HL chain from the Asian low; first lower high below the 1.3503 session high.
The Asia-session leg on the midterm USD selloff, extended through London, lifted cable from the 1.3448 asian low to a 1.3503 session high at the London-NY transition. The ADP beat (86K vs 69K) drove a rejection at 1.3500 back to a 1.3483 pullback low. That low sits on the rising trendline from the Asian low and the 38.2% fib, with price just under the ema20 and RSI(14) neutral near 52.
Support: 1.3483, 1.3469, 1.3448
Resistance: 1.3488, 1.3503
What it said to watch
ISM Services at 15:00 UTC (f/c 54.8) could materially shift this read; a print above ~56 adds USD pressure on the pullback low
A close below the 1.3483 pullback low and rising trendline exposes the 1.3469 london low, which lines up with the 61.8% fib
A reclaim of the ema20 at 1.3488, then a close above the 1.3503 session high, resumes the HH chain
A break of the 1.3448 asian low would end the intraday uptrend structure
BoE decision Thu 12:00 UTC keeps the 1.3500 area event-sensitive
14:31 UTC
Uptrend, pulling back from 1.3500 · RSI 49 · price 1.34842
HH/HL chain since Asia; rejection at the 1.3503 session high, pullback testing the rising trendline.
The USD flush after the midterm result drove a higher-high and higher-low chain from the 1.3448 Asia HL. It peaked at a 1.3503 session high in the first hour of NY, where price was rejected back to the 1.3483 pullback low. That pullback low sits at the 38.2% fib and the rising trendline. RSI(14) has cooled to about 49 and price is below EMA20, while the 1.3469 swing low is the last higher low.
Support: 1.34829, 1.3469, 1.34478
Resistance: 1.3503, 1.3510
What it said to watch
US ISM Services at 15:00 UTC (f/c 54.8) could materially shift this read within the next few bars
M15 close below the 1.3469 swing low, also the 61.8% fib, breaks the HH/HL chain and the rising trendline
A break of the 1.3483 pullback low would put the trendline test in focus
Acceptance above the 1.3503 session high opens the 1.3510 cap; a second rejection there would mark a lower high
Higher lows since Asia; rejection at session high, pullback in progress.
The post-midterm USD slump lifted cable from 1.3408 through the asian high at 1.3479. London extended to a session high at 1.3503, where price met rejection at the 1.3500 round number after the early-NY ADP beat. The pullback is holding at the 1.3483 pullback low, near the 38.2% of the london leg, with the rising lows line from 1.3469 intact and RSI(14) cooled to ~55.
Support: 1.34834, 1.34787, 1.3469
Resistance: 1.3503
What it said to watch
ISM Services at 15:00 UTC, with S&P PMI at 14:45, could materially shift this read
M15 close back above the 1.3503 session high invalidates the rejection read
Loss of the 1.3483 pullback low and the rising lows line exposes the asian high at 1.3479
Failure to hold the 1.3469 swing low breaks the higher-low chain
14:01 UTC
Uptrend, stalling at 1.3500 · RSI 61 · price 1.34943
London higher-low chain capped by the session high.
London broke above the 1.3448–1.3479 Asian range and built higher lows as USD weakness after the midterm sweep carried through. The NY open set a 1.3503 session high, but the 1.3500 psych level has rejected three probes. RSI(14) is easing to ~61, and the 1.3486 swing low sits near the 38.2% retracement of the London leg.
Support: 1.3486, 1.3469, 1.3448
Resistance: 1.3503, 1.3510
What it said to watch
US S&P PMI at 14:45 UTC and ISM Services at 15:00 UTC could materially shift this read within the hour
M15 close above the 1.3503 session high opens the 1.3510 resist zone
Failure to hold the 1.3486 swing low exposes the 1.3469 pullback low and London trend support
Break of the 1.3469 pullback low ends the London higher-low chain; 1.3448 asian low next
13:46 UTC
Uptrend, stalling at 1.3500 · RSI 55 · price 1.34943
Higher highs and higher lows since the London open break of the Asian range.
The post-election USD slump carried GBPUSD out of the 1.3408–1.3479 Asian range at the London open. Price then printed a higher-high/higher-low chain to a 1.3503 session high. ADP left price stalling just under 1.3500 in the London-NY transition, with the 1.3485 higher low, which lines up with the 50% fib, and the rising trendline from 1.3448 underneath.
Support: 1.3485, 1.3479, 1.3469
Resistance: 1.3503
What it said to watch
ISM Services at 15:00 UTC (S&P PMI 14:45) could materially shift this read around 1.3500
M15 close above the 1.3503 session high extends the higher-high chain
Loss of the 1.3485 higher low and 50% fib shifts focus to the Asian high at 1.3479
Break below the 1.3469 swing low and the rising trendline ends the intraday HH/HL structure
13:31 UTC
Uptrend, pressing 1.3500 · RSI 57 · price 1.34962
Higher lows since Asia, Asian range broken at London open.
The post-midterm USD selloff lifted cable out of the Asian range (1.3448–1.3479) at London open. The 1.3469 pullback low and the 1.3486 higher low kept the chain of rising lows intact, and the London-NY transition printed a 1.3503 session high inside the 1.3500–1.3510 res zone. RSI(14) near 57 is mid-range, not stretched.
Support: 1.3486, 1.3469, 1.3448
Resistance: 1.3503, 1.3510
What it said to watch
ADP (13:15 UTC) and ISM Services (15:00 UTC) could materially shift this read
M15 close above the 1.3510 res zone extends the higher-high sequence
Loss of the 1.3486 higher low, then the 1.3469 pullback low, breaks the rising-lows trendline
A move back below the 1.3448 asian low would unwind the whole London breakout
BoE decision Thu 12:00 UTC is the next GBP-side driver
Higher lows above broken Asian high, third test of 1.3500.
The USD selloff after the Democratic midterm sweep drove a 50-pip leg in early Asia. London then broke the Asian high at 1.3479 and built higher lows at the 1.3469 swing low and the 1.3486 pullback low. Into the NY session, price is pressing the 1.3500 session high for a third time with RSI(14) near 58, not stretched.
Support: 1.34859, 1.34787, 1.3469
Resistance: 1.34996, 1.3510
What it said to watch
ADP (13:15 UTC) and ISM Services (15:00 UTC) could materially shift this read; soft prints are the cited trigger for a push through the 1.3510 upper cap
An M15 close above the 1.3500 session high clears the twin-top cap; another rejection there leaves a double top in play over the 1.3469 swing low
A break of the 1.3486 pullback low and the london trendline (~1.3476) ends the higher-low chain and exposes the asian high at 1.3479
13:01 UTC
Uptrend, stalling under 1.3500 · RSI 55 · price 1.34894
HH/HL chain from the Asian low, double probe of 1.3500 rejected.
The post-election USD selloff lifted cable through Asia. London then broke the Asian high at 1.3479, but two probes of the 1.3500 session high were rejected. Price sits at the NY open just below that level, with the 1.3469 swing low the latest higher low on the rising support line; the soft UK PMIs barely registered.
Support: 1.3479, 1.3469, 1.3448
Resistance: 1.3500
What it said to watch
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
M15 close above the 1.3500 session high breaks the double rejection
Failure to hold the 1.3469 swing low breaks the HL chain and rising support, exposing the 1.3448 Asian low
Holding the 1.3479 Asian high (38.2% of the London leg) keeps the breakout intact
12:46 UTC
Uptrend, pressing session high · RSI 61 · price 1.34982
Higher lows since Asia; second test of 1.3499 below 1.3500.
The USD selloff after the Democratic Congress sweep lifted GBPUSD from 1.3408 late in the US evening. London then broke the asian high at 1.3479, and price is now back at the 1.3499 session high after the 11:00 UTC pullback low at 1.3469 held. That keeps the rising lows intact, and RSI(14) near 61 is not stretched.
Support: 1.3479, 1.3469
Resistance: 1.3499
What it said to watch
M15 close above the 1.3499 session high and 1.3500 psych clears the double tap; a second rejection there leaves a lower high to monitor
Failure to hold the 1.3479 asian high, then the 1.3469 pullback low, breaks the rising lows sequence
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
12:31 UTC
Uptrend, pausing under 1.3500 · RSI 56 · price 1.3487
Higher lows since the Asian low; London set a session high at 1.3498, then a higher low at 1.3469.
The post-midterm USD selloff drove the Asia-session rally. London broke the Asian high at 1.3479 and printed a 1.3498 session high, where it was rejected just under 1.3500. The pullback held a 1.3469 higher low on the rising trendline from the 1.3448 asian low, about a 61.8% retrace, and price is back above the asian high into the first hour before NY; softer UK PMIs left no visible mark.
Support: 1.3479, 1.3469, 1.3448
Resistance: 1.3498, 1.3510
What it said to watch
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
A close above the 1.3498 session high opens the 1.3500–1.3510 resist band
A close back below the 1.3479 asian high puts the 1.3469 higher low back in play
Failure to hold 1.3469 breaks the higher-low chain and the rising trendline; the 1.3448 asian low comes into view
HH/HL chain since late-NY low; higher low at 1.3469 after rejection at session high.
The post-midterm USD selloff lifted GBPUSD off the 1.3408 late-NY low. London broke the asian high at 1.3479 and printed a session high at 1.3498, where it was rejected just shy of the 1.3500 psych level. The pullback held a higher low at 1.3469, about 32% of the election leg fib, and price is back above the asian high ahead of NY open with RSI(14) neutral near 50.
Support: 1.34787, 1.3469, 1.34553
Resistance: 1.34981, 1.3500
What it said to watch
M15 close above the 1.3498 session high and 1.3500 psych extends the HH chain
Close back below the asian high at 1.3479 puts the 1.3469 higher low and rising higher low line in play
Break of 1.3469 ends the HH/HL structure and exposes the 1.3455 london low
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
HH/HL chain off the Asian low; higher low at 1.3469 after the 1.3498 session high.
The post-midterm USD slide lifted the pair through Asia. London then broke the Asian high near 1.3479 and set a session high at 1.3498, just shy of 1.3500. The 10:30–11:00 UTC pullback found a higher low at 1.3469, near the 61.8% of the London leg and on the rising trendline. Price is back at 1.3485 with RSI(14) mid-range.
Support: 1.3479, 1.3469, 1.3448
Resistance: 1.3498, 1.3510
What it said to watch
M15 close below the 1.3469 higher low breaks the HH/HL chain and puts the 1.3448 Asian low back in play
A close above the 1.3498 session high opens the 1.3510 band top; rejection there keeps price capped below 1.3500
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Asian range break, pullback retesting the asian high.
The USD selloff after the midterms drove the overnight leg higher. London then broke the asian high at 1.3479 and ran to a 1.3498 session high, where price was rejected just shy of 1.3500 psych. The pullback ran past the 61.8% fib to a 1.3469 pullback low, and price is now back retesting the asian high with RSI(14) neutral at 50.
Support: 1.3479, 1.3469, 1.3448
Resistance: 1.3498, 1.3510
What it said to watch
A close below the 1.3469 pullback low breaks the rising support line and puts price back inside the Asian range toward the 1.3448 asian low
Acceptance above the 1.3498 session high and 1.3500 psych exposes the 1.3510 uob resist level
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
11:31 UTC
Uptrend, pulling back from session high · RSI 47 · price 1.34738
London broke the Asian high, then rejected below 1.3500; HH/HL chain now being tested.
After the post-midterm USD drop in Asia, London broke the Asian high at 1.3479 and stalled at a 1.3498 session high just shy of the 1.3500 psych. The 10:30 rejection took price to a 1.3469 pullback low near the 61.8% of the London leg. Price is now back under the Asian high with RSI(14) neutral at 47.
Support: 1.3469, 1.34555, 1.3448
Resistance: 1.34787, 1.34981, 1.3500
What it said to watch
M15 close back above the 1.3479 asian high restores the breakout read; through the 1.3498 session high opens 1.3500 psych
Failure at the 1.3469 pullback low exposes the 1.3455 london low; below that the London breakout becomes a false break toward the 1.3448 asian low
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read during NY hours
London HH/HL chain broken by 10:30 UTC drop; retest of Asian high.
London broke the Asian high near 1.3479 and ground up to a session high at 1.3498 on the post-midterm USD selloff. Price was rejected just under 1.3500 at 10:30 UTC, broke the London trendline and is retesting the Asian high from above. The pullback low at 1.3477 sits on the 50% fib of the London leg, and RSI(14) has cooled to ~51.
Support: 1.3477, 1.3470, 1.3455
Resistance: 1.3489, 1.3498
What it said to watch
M15 close below the 1.3477 pullback low and the 1.3470 london hl ends the London HH/HL sequence
Recovery above the 1.3489 breakdown level puts the 1.3498 session high and 1.3500 back in play
Loss of the 1.3455 london low erases the London breakout
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read; BoE Thursday looms
HH/HL since Asia; London high rejected, retesting Asian high.
Democratic midterm sweep hit USD and lifted GBPUSD from 1.3408 into a 1.3448–1.3479 Asian range. London broke the Asian high and ran to a 1.3498 session high just shy of the 1.3500 psych level. A sharp 10:30 UTC rejection retraced 50% of the London leg, and price now sits on the asian high at 1.3477 with RSI(14) cooled to 57 and price pinned to EMA20.
Support: 1.3477, 1.3455, 1.3448
Resistance: 1.3498, 1.3500
What it said to watch
M15 close back below the 1.3477 asian high returns price to the Asian range and puts the london low at 1.3455 in play
Failure at 1.3455 exposes the asian low at 1.3448 and breaks the intraday HL chain
M15 close above the 1.3500 psych level clears the session high and extends the London breakout
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read; strong prints would likely trim the post-election USD drop
10:46 UTC
Uptrend, pulling back from 1.3500 · RSI 56 · price 1.34845
London higher-low chain above Asian range high.
The Democratic midterm sweep lifted GBPUSD from 1.3408 to 1.3479 during the Asia session. London broke that Asian high at the open and extended to a session high of 1.3498, with a rejection just shy of the 1.3500 round number. The current mid-London bar is pulling back onto the 1.3484 higher low, with RSI(14) near 56 and the soft UK PMIs leaving no visible mark on the London leg.
Support: 1.34837, 1.34787, 1.34735
Resistance: 1.34981, 1.3500
What it said to watch
M15 close below the 1.3484 higher low breaks the London HL chain
Loss of the 1.3479 asian high, where EMA20 also sits, puts price back inside the Asian range, with the 1.3474 swing low next
Close above the 1.3498 session high and the 1.3500 round number extends the London leg
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read; the BoE decision is due Thu 12:00 GMT
10:31 UTC
Uptrend, pressing 1.3500 · RSI 70 · price 1.34948
Higher-low chain through London after Asian range break.
GBP/USD took a leg up in Asia after the Democratic midterm sweep hit USD, and London broke the Asian high at 1.3479 to post a session high at 1.3497 just under the 1.3500 psych level. London has printed steady higher lows, the latest swing low at 1.3489, with RSI(14) near 70 and the London trendline intact.
Support: 1.3489, 1.3484, 1.3479
Resistance: 1.3497, 1.3500, 1.3510
What it said to watch
Rejection at the 1.3497 session high or 1.3500 psych keeps the move capped below the 1.3510 res zone
M15 close below the 1.3484 London HL breaks the trendline and the higher-low chain
Close back inside the Asian range below the 1.3479 Asian high would mark the London breakout as a false break
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read; the BoE decision Thu 12:00 GMT is the larger GBP risk
Higher lows through London; Asian range high broken, highs compressing below 1.3495.
The Democratic midterm sweep hit USD late in the NY-Asia handover and lifted cable from 1.3408 to the 1.3479 Asian high. A dip to the 1.3448 pullback low held. London broke the Asian high, printed a higher-low chain from 1.3470 off the London trendline, and is now stalling at the 1.3495 session high just under 1.3500 psych, the bottom of the 1.3480–1.3510 res zone.
Support: 1.3479, 1.3470, 1.3448
Resistance: 1.3495, 1.3500, 1.3510
What it said to watch
M15 close back below the 1.3479 Asian high breaks the London trendline and turns the breakout into a false break
Failure to hold the 1.3470 swing low exposes the 1.3448 pullback low and the 50% fib of the election rally
Acceptance above 1.3500 psych opens the upper end of the res zone at 1.3510
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
10:01 UTC
Uptrend, extending into London · RSI 70 · price 1.34914
HH/HL chain off the overnight low, Asian range broken higher.
Broad USD selling after the Democratic midterm sweep lifted GBPUSD off the 1.3408 swing low into a HH/HL chain along a rising trendline. The pair cleared the Asian high at 1.3479 into the London open, held the 1.3469 pullback low and printed a session high at 1.3495, just under the 1.3500 round number, with RSI(14) near 70.
Support: 1.3479, 1.3469, 1.3448
Resistance: 1.34946, 1.3500
What it said to watch
A close above the 1.3500 round number extends the London breakout. Stalling below the 1.3495 session high leaves a tight range under it.
Failure to hold the 1.3479 Asian high, which coincides with the rising trendline, reopens the 1.3469 pullback low and the 38.2% rally fib near 1.3461.
A move back below the 1.3448 Asian low breaks the HL sequence of the overnight rally.
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read. A strong print risks unwinding the post-election USD losses.
The BoE decision on Thu 12:00 UTC is the next major GBP risk. A hike to 4% is fully priced.
09:46 UTC
Uptrend, consolidating under 1.3500 · RSI 63 · price 1.34848
Higher-low chain after London broke the Asian range high.
The broad USD selloff on the Democratic midterm sweep lifted GBPUSD from 1.3408 to 1.3474 during the Asia session. London then broke the Asian high at 1.3479 and printed a session high of 1.3494. Mid-London, price is holding a higher-low chain along the London trendline just under the 1.3500 round number, with RSI(14) near 63 and cooling off the highs.
Support: 1.3479, 1.3470, 1.3448
Resistance: 1.3494, 1.3500
What it said to watch
An M15 close back below the 1.3479 Asian high and the London trendline would turn the breakout into a false break
Loss of the 1.3470 swing low, near the 50% level of the Asia-London fib, exposes the 1.3448 Asian low
Acceptance above the 1.3494 session high and the 1.3500 round number extends the London leg
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read; the BoE decision is Thu 12:00 UTC
09:31 UTC
Uptrend, higher lows through London morning · RSI 63 · price 1.34869
London broke above the Asian high; breakout level retested and holding.
The USD selloff after the Democratic sweep of Congress lifted GBPUSD off 1.3408 during the Asia session. London then broke the Asian high at 1.3479 and set a session high at 1.3492, building higher lows from the 1.3448 pullback low and the 1.3470 swing low, with RSI(14) near 63 and not stretched. The 1.3479 Asian high has been retested twice and has held, keeping price above the 38.2% rally fib near 1.3460.
Support: 1.3479, 1.3470, 1.3448
Resistance: 1.34918, 1.3500
What it said to watch
M15 close back below the 1.3479 Asian high turns the breakout into a false break
Loss of the 1.3470 swing low breaks the London higher-low chain and exposes the 1.3460 rally fib and the 1.3448 pullback low
Acceptance above the 1.3492 session high brings the 1.3500 round number into play
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
London broke above Asian range; higher lows intact above 1.3474.
The election-driven USD selloff lifted GBPUSD about 65 pips in early Asia, then the pair ranged between the Asian low at 1.3448 and the Asian high at 1.3479. London open broke that range and set a session high at 1.3492, where the latest bars left upper wicks. Price is holding just above the broken Asian high with RSI(14) near 64 and ATR around 10 pips.
Support: 1.34787, 1.34735, 1.34478
Resistance: 1.34918, 1.3500
What it said to watch
M15 close back below the 1.3479 Asian high puts price back inside the Asian range
Failure to hold the 1.3474 swing low breaks the London higher-low sequence; the 1.3448 Asian low would then be exposed
Acceptance above the 1.3492 session high brings the 1.3500 round number into play
US ADP (13:15 UTC) and ISM Services (15:00 UTC) could materially shift this read; a strong print risks a USD rebound
Higher lows since 05:30 UTC, Asia high broken at London open.
London open extended the post-election rally on continued USD selling. Price cleared the Asia high at 1.3479 and printed a session high at 1.3488. Higher lows at the 1.3448 range low, 1.3455 and the 1.3474 swing low keep the intraday chain intact; RSI(14) is near 68 with the 1.3500 round number 12 pips above.
Support: 1.3479, 1.3474, 1.3448
Resistance: 1.3488, 1.3500
What it said to watch
M15 close back below the asia high at 1.3479 would turn the London breakout into a false break
Loss of the 1.3474 swing low breaks the higher-low chain; the rising trendline and the 1.3448 range low (50% of the election rally) are next
1.3500 round number is the area to watch for rejection or acceptance above the session high
US ADP (13:15 UTC) and ISM Services (15:00 UTC) during NY hours could materially shift this read
08:46 UTC
Uptrend, consolidating near session high · RSI 67 · price 1.34791
Asian range broken higher at London open, retest of the Asian high in progress.
Cable rallied from 1.3408 to the 1.3479 Asian high on the post-midterm USD selloff. London opened with a dip to 1.3455 that held above the rising lows from the 1.3448 swing low, then broke out to a 1.3485 session high, completing the Asia-London leg. Price is now retesting the Asian high from above, with RSI(14) near 67 and ATR around 9 pips.
Support: 1.34787, 1.34553, 1.34478
Resistance: 1.34854, 1.3500
What it said to watch
M15 close back below the 1.3479 asian high would turn the breakout into a false break
Loss of the 1.3455 london low breaks the rising lows and exposes the 1.3448 swing low
Close above the 1.3485 session high opens the 1.3500 round number
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
08:31 UTC
Uptrend, pausing at highs · RSI 62 · price 1.34774
Asian range break, retesting the Asian high.
Cable gained about 70 pips in the Asia session on the post-midterm USD slump, then held a 1.3448–1.3479 range before a pre-London push through the Asian high to a 1.3485 session high. Early London is now retesting the 1.3479 Asian high, with the 1.3474 London low underneath and RSI(14) cooling to ~62.
Support: 1.3474, 1.3456, 1.3448
Resistance: 1.3479, 1.3485, 1.3500
What it said to watch
M15 close back below the 1.3474 london low turns the Asian-high break into a false break
Close above the 1.3485 session high opens the 1.3500 round number
Loss of the rising lows line and the 38.2% fib near 1.3456 exposes the 1.3448 asian low
US ADP 13:15 UTC and ISM Services 15:00 UTC: a firm print extending the USD rebound would test the breakout
08:16 UTC
Uptrend, consolidating at highs · RSI 59 · price 1.34792
Asian high broken at London open, retest holding.
Cable extended the Asia rally from 1.3408 on the post-midterm USD selloff, and the London open pushed through the Asian high at 1.3479 to a session high at 1.3485. The latest bar is retesting the broken Asian high with RSI(14) near 59, and rising lows from the 1.3448 swing low remain intact.
Support: 1.34787, 1.34553, 1.34478
Resistance: 1.34854, 1.3500, 1.3510
What it said to watch
M15 close back below the 1.3479 Asian high would turn the breakout into a false break
Loss of the 1.3455 higher low and the 1.3448 swing low breaks the rising lows and the 38.2–50% zone of the Asia rally fib
Close above the 1.3485 session high puts the 1.3500 round number and 1.3510 resistance in play
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read during NY hours, as could Thursday's BoE decision
08:01 UTC
Uptrend, fresh session high at London open · RSI 63 · price 1.34831
Higher lows from 1.3408; Asian high 1.3479 broken.
London open drove GBPUSD through the Asian high at 1.3479 to a session high at 1.3484. That extends the overnight USD-led rally from 1.3408 that followed the Democratic Congress sweep. The pullback found buyers at the 1.3448 swing low, near the 50% retracement, and the 1.3455 London base held before the break; RSI(14) near 63 is not stretched.
Support: 1.34787, 1.34553, 1.34478
Resistance: 1.34841, 1.3500
What it said to watch
M15 close back below the 1.3479 Asian high would mark the breakout as a false break
Failure to hold the 1.3455 London base and the 1.3448 swing low breaks the higher-low chain
1.3500 round number is the next level above the session high
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read via the USD
Post-breakout range 1.3448–1.3479, higher lows inside.
The Asia session USD selloff on US midterm results lifted cable from 1.3408 through Tuesday's 1.3432 prior high to a 1.3479 session high. Since then it has held a 1.3448–1.3479 range. The dip to the 1.3448 pullback low held near the 38.2% fib, and price is pressing the range top into the London open with RSI(14) neutral at 58.
Support: 1.3448, 1.3432
Resistance: 1.3479, 1.3500
What it said to watch
M15 close above the 1.3479 session high opens the 1.3500 round number
Break below the 1.3448 pullback low and the 38.2% fib exposes the 1.3432 prior high
US ADP (13:15 UTC) and ISM Services (15:00 UTC) could materially shift this read
07:31 UTC
Uptrend after Asia breakout, now pausing · RSI 47 · price 1.34587
Asia breakout from 1.3408 to 1.3479; pullback low at 1.3448, lower highs forming since.
The USD selloff after the Democratic sweep drove an Asia breakout from 1.3408 to the 1.3479 Asia high. The pullback low at 1.3448 sits inside the 38.2–50% fib of the Asia rally and retests the breakout area. Price is now compressing under lower highs near 1.3465 into the London open, with RSI(14) neutral at 47 and ATR(14) around 8 pips.
Support: 1.3448, 1.3432
Resistance: 1.3465, 1.3479
What it said to watch
M15 close below the 1.3448 pullback low exposes Tuesday's prior high at 1.3432
M15 close above 1.3465 breaks the lower highs line and reopens the 1.3479 Asia high
London open at 08:00 UTC is the first test of the Asia range
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Asia breakout above Tuesday high, now coiling 1.3448–1.3479 under a lower high.
Asia cleared Tuesday's high at 1.3432 on the post-midterm USD selloff. The move then met rejection at the 1.3479 Asia high. The 38.2% fib near 1.3452 has held twice above the 1.3448 pullback low, and price is coiling under a 1.3465 lower high ahead of London open, with RSI(14) neutral near 48.
Support: 1.34515, 1.34478, 1.34324
Resistance: 1.34648, 1.34787
What it said to watch
Close above the 1.3465 lower high reopens the 1.3479 Asia high
Break below the 1.3448 pullback low exposes the 50% retrace near 1.3443, then the 1.3432 tue high
London open in ~45 min likely sets the session range
US ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read
07:01 UTC
Uptrend after Asia breakout, pausing · RSI 54 · price 1.34595
Post-breakout consolidation 1.3448–1.3479, lower high at 1.3465.
The Asia session cleared Tuesday's 1.3432 prior high on the post-midterm USD selloff and peaked at the 1.3479 Asian high. Since then price has been rotating in 1.3448–1.3479, with repeated caps at 1.3473–1.3479 and a 1.3465 lower high. Into London open, demand is holding the 1.3452 swing low, which sits on the 38.2% fib of the Asia breakout; RSI(14) is neutral near 54 and price is hugging EMA20 around 1.3456.
Support: 1.3452, 1.3448, 1.3432
Resistance: 1.3465, 1.3479
What it said to watch
M15 close below the 1.3448 session low breaks the consolidation and exposes a retest of the 1.3432 prior high (50% fib near 1.3443)
M15 close above the 1.3465 lower high reopens the 1.3479 Asian high
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
BoE decision Thu 12:00 UTC keeps GBP event risk elevated
06:46 UTC
Uptrend, pulling back from session high · RSI 42 · price 1.34539
Asia breakout above prior high, now lower highs off 1.3479 with 1.3452 holding.
Asia session USD selling after the midterm results lifted GBPUSD from 1.3408 through the 1.3432 prior high to a 1.3479 session high. Price has faded since 04:30 UTC, with a lower high at 1.3465. The 38.2% fib at 1.3452 has held four times into the London open.
Support: 1.34515, 1.34478, 1.34324
Resistance: 1.34648, 1.34787
What it said to watch
Close below the 1.3448 swing low opens the 50% retrace near 1.3443 and the 1.3432 prior high
Close above the 1.3465 lower high negates the lower-high sequence and puts the 1.3479 session high back in play
US ADP (13:15 UTC) and ISM Services (15:00 UTC) could reverse the USD-led move
Lower high under 1.3479 session high, holding 1.3448.
The post-midterm USD slump drove an Asian rally of about 70 pips through the prior high at 1.3432. A third push to the 1.3479 session high was a false break that did not hold. Price slipped to a 1.3448 swing low, and the bounce stalled at a 1.3465 lower high. Pre-London, cable sits below EMA20 near the 38.2% of the Asian rally fib, with RSI(14) back to 53.
Support: 1.3448, 1.3432
Resistance: 1.3465, 1.3479
What it said to watch
Failure to hold the 1.3448 swing low exposes the prior high at 1.3432 and the 50% of the Asian rally fib
M15 close above the 1.3465 lower high reopens the 1.3479 session high
London open (08:00 UTC) is the first test of the Asian range
US ADP (13:15 UTC) and ISM Services (15:00 UTC) could materially shift this read
Post-breakout range 1.3448–1.3479 after Asian rally; higher low held.
The Asian rally took GBP/USD through the prior high at 1.3432 to a 1.3479 session high as the dollar slid on the midterm results. A late-Asia pullback swept the 1.3452 lows to a 1.3448 swing low near the 38.2% retracement before reclaiming 1.3460 into London open.
Support: 1.3448, 1.3432
Resistance: 1.3479, 1.3500
What it said to watch
M15 close below the 1.3448 swing low breaks the higher-low sequence and exposes the 1.3432 prior high
Acceptance above the 1.3479 session high opens the 1.3500 round number
London open is the first test of whether the Asian range holds
US ADP (13:15 UTC) and ISM Services (15:00 UTC) could trigger a USD relief bounce that shifts this read
06:01 UTC
Uptrend, pulling back from session high · RSI 49 · price 1.34568
Asian breakout above prior-day range, then a 1.3448–1.3479 range with a rejection at the top.
A USD-led Asian rally on the midterm results broke the prior high at 1.3432 and stalled at the 1.3474 range top, where a wick to the 1.3479 session high was rejected. The pullback tagged a 1.3448 swing low near the 38.2% level of the Asian rally fib before bouncing. Price sits under EMA20 with RSI(14) neutral at 49 heading into London open.
Support: 1.3448, 1.3432
Resistance: 1.3474, 1.3479
What it said to watch
M15 close above the 1.3479 session high breaks the Asian range cap
Failure to hold the 1.3448 swing low exposes the 50% Asian rally fib near 1.3443 and the 1.3432 prior high
US ADP at 13:15 UTC could materially shift this read, with ISM Services at 15:00 UTC to follow
BoE decision on Thu 12:00 GMT is the larger event risk for GBP
05:46 UTC
Asia uptrend stalled, pulling back · RSI 44 · price 1.34489
Triple cap at 1.3474–79 session high; lower low below 1.3452 swing low.
The Asia session ran about 70 pips from 1.3408 on the USD slide after the US midterm results. Three tests of 1.3474–1.3479 capped the move, and the slide from the 1.3479 session high has broken the 1.3452 swing low, leaving that broken low overhead with price sitting near the 38.2% retrace. RSI(14) has cooled to ~44 and price is below EMA20, just above EMA50, with London open approaching.
Support: 1.34432, 1.34315
Resistance: 1.34515, 1.34787
What it said to watch
M15 close back above the 1.3452 broken low negates the range break and puts the 1.3479 session high back in play
Failure to hold the 50% fib at 1.3443 opens the prior high near 1.3431
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read; BoE decision Thursday
05:31 UTC
Uptrend stalling, rolling into range · RSI 54 · price 1.34536
Asia range 1.3451–1.3479 after an impulsive rally, price testing range floor.
A USD-led Asia session rally on the US midterm results ran from 1.3408 through the prior-day high to a 1.3474 range top, then compressed into a 1.3451–1.3479 range. The 04:30 UTC poke to a 1.3479 session high was rejected, and price is back on the 1.3451 range floor, which sits on the 38.2% fib of the rally. RSI(14) is neutral near 54 and price has slipped below EMA20, with London open about 2.5h away.
Support: 1.34515, 1.34348, 1.34324
Resistance: 1.34745, 1.34787
What it said to watch
M15 close below the 1.3451 range floor breaks the HL chain and opens the 61.8% fib at 1.3435 and the 1.3432 prior-day high
Recovery above the 1.3474 range top and a close beyond the 1.3479 session high resume the HH sequence
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
05:16 UTC
Uptrend after Asia breakout, now stalling · RSI 57 · price 1.34583
Post-impulse range 1.3452–1.3475; 1.3479 high rejected.
The USD slide on the midterm results drove an Asia-session breakout through the prior-day high at 1.3432 to 1.3474. Since then price has held a 1.3452–1.3475 range. A poke to a 1.3479 session high at 04:30 UTC was rejected straight back to the range floor heading into London open, with RSI(14) near 57 and price slipping under EMA20.
Support: 1.3452, 1.3443, 1.3432
Resistance: 1.3475, 1.3479
What it said to watch
M15 close below the 1.3452 range floor (38.2% fib of the Asia leg) exposes the 50% fib at 1.3443, then the prior-day high at 1.3432
Close back above the 1.3475 range top and 1.3479 session high cancels the false break read
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could reverse the USD-led move
BoE decision Thu 12:00 GMT is the larger GBP risk beyond this window
GBPUSD broke yesterday's 1.3403–1.3432 range in the Asia session as USD slid on early midterm results. The first pullback held at the 1.3452 fib 38.2 of the Asia rally, and the next swing low formed higher at 1.3457. Late in the Asian range, price is compressing beneath a 1.3475 rejection zone, and the 04:30 UTC wick to the 1.3479 session high was sold back; RSI(14) is cooling to ~58.
Support: 1.3457, 1.3452, 1.3432
Resistance: 1.3475, 1.3479
What it said to watch
M15 close above the 1.3479 session high into London open breaks the compression
Failure to hold the 1.3457 swing low and the 1.3452 fib 38.2 breaks the higher-low sequence
A slip back under the 1.3432 prior high would mark the Asia breakout as a false break
US ADP 13:15 UTC and ISM Services 15:00 UTC, plus Senate race calls, could reverse the USD-led move
04:46 UTC
Uptrend, fresh high late in Asia · RSI 66 · price 1.34786
Higher lows under a 1.3474 cap, last bar breaking out.
USD slid on early midterm results, and GBPUSD cleared the 1.3432 tuesday high in Asia. It ran 70 pips from 1.3408, then held higher lows above the 1.3452 swing low (38.2% of the asian rally). The last bar closed at 1.3479, above the 1.3474 prior high, with RSI(14) at 66 and not stretched.
Support: 1.3474, 1.3452, 1.3432
Resistance: 1.3500
What it said to watch
A close back under the 1.3474 prior high would mark the push as a false break
Loss of the 1.3452 swing low breaks the higher-low line and the asian rally structure
1.3500 round number is the next reference if the breakout extends into London open
US ADP (13:15 UTC) and ISM Services (15:00 UTC), plus Senate race calls, could materially shift this read
Asian breakout above prior high, rising lows under a flat 1.3475 top.
The Asia rally took GBPUSD through Tuesday's prior high at 1.3432 as USD slid on early midterm results. Late in the Asia session, price is compressing under the 1.3475 session high, which has been tagged three times. Below it, rising lows have formed from the 1.3452 pullback low to the 1.3461 higher low, with RSI(14) near 65 and not stretched.
Support: 1.3461, 1.3452, 1.3432
Resistance: 1.3475, 1.3500
What it said to watch
M15 close above the 1.3475 session high opens the path to the 1.3500 psych level
Loss of the 1.3461 higher low and the rising lows line shifts focus to the 1.3452 pullback low, near the 38.2% of the Asia rally
Failure to hold 1.3452 exposes a retest of the 1.3432 prior high
London open in under 3h, plus Senate race calls on the midterms, could materially shift this read
US ADP at 13:15 UTC and ISM Services at 15:00 UTC are the next USD data risks
04:16 UTC
Uptrend, stalling below Asia high · RSI 64 · price 1.34644
Asian breakout of ~67 pips, now a tight 1.3452–1.3475 consolidation.
The Asia session broke above yesterday's prior high at 1.3432 and ran from 1.3408 to the Asia high at 1.3475 as USD slid on the midterm results. Two tests of 1.3474–1.3475 have stalled, and price is coiling above the 1.3452 pullback low and the 1.3457 swing low into the London open, with RSI(14) off the boil at 64.
Support: 1.3457, 1.3452, 1.3432
Resistance: 1.3475, 1.3500
What it said to watch
A close above the 1.3475 Asia high resumes the HH chain and opens the path to the 1.3500 round number
A break of the 1.3457 swing low and then the 1.3452 pullback low exposes the fib 38.2% near 1.3449 and the 1.3432 prior high
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift the USD-led read
Senate race calls during the day remain a headline risk for USD
04:01 UTC
Uptrend, stalling at session high · RSI 64 · price 1.34662
Asia breakout above prior-day high, now basing 1.3452–1.3475.
The Asia session broke the 1.3432 prior high as USD slid on midterm results. The 67-pip run has twice stalled at the 1.3475 session high. Pullbacks held the 1.3452 swing low, just above the 38.2% level of the asia rally fib, with rising lows intact; RSI(14) is cooling to ~64 and ATR is ~10 pips.
Support: 1.3452, 1.3432
Resistance: 1.3475, 1.3500
What it said to watch
M15 close above the 1.3475 session high reopens the path toward the 1.3500 round number
Break of the 1.3452 swing low and rising lows turns the twin test at 1.3475 into a short-term top, with the 1.3432 prior high next
London open, US ADP (13:15 UTC), ISM Services (15:00 UTC) and outstanding Senate calls could materially shift this read
Asia breakout above prior-day range, now ranging 1.3452–1.3475.
The Asia rally cleared yesterday's 1.3403–1.3432 range on USD selling after early midterm counts, running about 67 pips to a 1.3475 session high. Price has tested 1.3474–1.3475 twice and been rejected both times, slipping back into a 1.3452–1.3475 range with RSI(14) cooling to about 61.
Support: 1.34515, 1.3444, 1.34324
Resistance: 1.34746, 1.3500
What it said to watch
Break below the 1.3452 swing low would turn the twin session-high tests into a double top and expose the 1.3444 breakout lvl and the 38.2% fib
An M15 close above the 1.3475 session high opens the path toward 1.3500 psych
Loss of the asia trendline and the 1.3432 prior high (61.8% fib) would unwind the breakout
Senate calls into London open, then US ADP (13:15 UTC) and ISM Services (15:00 UTC), could reverse the USD-led move
03:31 UTC
Uptrend, stalling at session high · RSI 66 · price 1.34688
Asia breakout above prior high, higher lows intact.
The Asia rally took GBPUSD from 1.3408 through Tuesday's prior high at 1.3432 as USD slid on early midterm tallies. The breakout was retested and held, and the pullback to the 1.3452 swing low formed a higher low. Price has since stalled near the 1.3475 session high, with RSI(14) cooling from the upper 60s.
Support: 1.34515, 1.3449, 1.3432
Resistance: 1.34746, 1.3500
What it said to watch
M15 close above the 1.3475 session high extends the higher-lows sequence and puts the 1.3500 round number in view
Failure to hold the 1.3452 swing low breaks the higher-lows chain and exposes the fib 38.2 at 1.3449, then the 1.3432 prior high
Senate calls or a closer-than-early-count midterm result could unwind the USD-led Asia rally
US ADP at 13:15 UTC and ISM Services at 15:00 UTC are the next scheduled event risk for this read
03:16 UTC
Uptrend, pressing session high · RSI 74 · price 1.34723
Asia breakout above prior high, higher low at 1.3452.
The Asia session broke out of Tuesday's 1.3403–1.3432 range as the USD slid on midterm results, running ~65 pips to a 1.3474 session high. The pullback held a swing low at 1.3452, near 38.2% of the Asia rally, and price is back testing the high with RSI(14) near 74.
Support: 1.3452, 1.3432
Resistance: 1.3474, 1.3480, 1.3500
What it said to watch
M15 close above the 1.3474 session high puts the 1.3480 uob target and the 1.3500 round number in play.
Failure to hold the 1.3452 swing low and the Asia rally trendline breaks the higher-low chain.
Slip back under the 1.3432 prior high would mark the breakout as a false break.
London open liquidity, midterm result headlines, and US ADP (13:15 UTC) and ISM Services (15:00 UTC) could materially shift this read.
03:01 UTC
Uptrend, extended after Asia breakout · RSI 71 · price 1.34703
Asia session cleared the prior high at 1.3432 from yesterday's NY session as USD slid on early midterm tallies, running 66 pips off the 1.3408 low to a session high at 1.3474. The Asia rally pulled back only to 1.3452, roughly the 38.2% fib, and price is back near the high with RSI(14) at 71.
Support: 1.34515, 1.34409, 1.34324
Resistance: 1.34741, 1.3480
What it said to watch
M15 close above the 1.3474 session high opens the 1.3480 round number
Loss of the 1.3452 pullback low and the rally trendline exposes the 50% fib near 1.3441, then the prior high at 1.3432
Midterm race calls rolling in during Asia could move USD sharply either way
US ADP at 13:15 UTC and ISM Services at 15:00 UTC could reset the intraday read
Asia breakout above Tuesday high; higher low at 1.3452 on the pullback.
Asia session broke the 1.3432 prior high (Tuesday's top) as USD slid on early midterm tallies, running about 66 pips to a 1.3474 session high before a rejection. The pullback low at 1.3452 held the rising trendline between the 23.6% and 38.2% fib levels. A lower high near 1.3466 is the immediate cap, and RSI(14) has cooled from near 80.
Support: 1.34515, 1.34324
Resistance: 1.34656, 1.34741
What it said to watch
M15 close below the 1.3452 pullback low breaks the rising trendline and exposes the 1.3432 prior high
Close above the 1.3474 session high resumes the higher-high sequence; failure at the 1.3466 lower high keeps price in a pullback range
Midterm House/Senate calls, ADP (13:15 UTC) and ISM Services (15:00 UTC) could materially shift this USD-led read
02:31 UTC
Uptrend, pulling back from session high · RSI 64 · price 1.34537
Early midterm tallies hit USD in the Asia session, and GBPUSD ran from the 1.3408 rollover low to a 1.3474 session high, clearing the tue high at 1.3431 and the 1.3445 prior high. Two bars of pullback have tagged 1.3452 (pullback low) on the rally trendline. RSI(14) has cooled to about 64 from above 70, and ATR is near 10 pips.
Support: 1.3452, 1.3445, 1.3431
Resistance: 1.3474, 1.3500
What it said to watch
Hold of the 1.3452 pullback low and rally trendline keeps the HH/HL chain intact
An M15 close back below the 1.3445 prior high (near the 38.2% fib) would turn the breakout into a false break and expose the tue high at 1.3431
A reclaim of the 1.3474 session high opens the path to the 1.3500 round number
A split-Congress outcome could unwind the USD election discount; US ADP at 13:15 UTC and ISM Services at 15:00 UTC are the next USD risk
02:16 UTC
Uptrend, first pullback after impulsive leg · RSI 76 · price 1.34636
Asia breakout above prior-day range, HH/HL chain intact.
Midterm tallies showing Democratic gains knocked the USD in the Asia session. That lifted GBPUSD out of yesterday's 1.3407–1.3432 range, through the prior high and the 1.3445 breakout zone, to a session high at 1.3474. RSI(14) sits near 76 after the run. The first pullback held at 1.3454, just above the 38.2% fib of the 1.3408–1.3474 leg.
Support: 1.3454, 1.3445, 1.3432
Resistance: 1.3474, 1.3500
What it said to watch
Close back below the 1.3445 breakout zone would mark a false break of the 1.3435–1.3450 band.
Loss of the 1.3454 pullback low brings the rally trendline and the 1.3432 prior high into play.
Close above the 1.3474 session high exposes the 1.3500 round number.
Further House/Senate calls, then ADP (13:15 UTC) and ISM Services (15:00 UTC), could materially shift this read.
02:01 UTC
Uptrend, extended after breakout · RSI 79 · price 1.34701
GBP/USD broke out of Tuesday's 1.3396–1.3432 range shortly before midnight UTC as the USD slipped on incoming US midterm results. The move ran 66 pips through the Asia session to a 1.3474 session high, with RSI(14) near 79. The cleared six-week high at 1.3448 lines up with the 38.2% retrace of the rally, and the fib 50% sits just below at 1.3441.
Support: 1.3449, 1.3441, 1.3432
Resistance: 1.3474, 1.3500
What it said to watch
A pullback that holds the six-week high at 1.3448 keeps the breakout read intact. Acceptance below the fib 50% at 1.3441 and the rally trendline weakens it.
A return below the prior high at 1.3432 would mark a false break of Tuesday's range.
An M15 close above the 1.3474 session high exposes the 1.3500 round number.
Further midterm race calls through Asia and Europe hours could swing the USD leg. US ADP and ISM Services are due 13:15 and 15:00 UTC.
01:46 UTC
Strong uptrend, impulsive Asia leg · RSI 84 · price 1.34664
HH/HL chain from 1.3408 rally base; clean breakout above prior-day high 1.3432 and 1.3448 cap.
Asia session has run roughly 60 pips off the 1.3408 rally base as US midterm results filter through. Price cleared yesterday's 1.3396–1.3432 range and the 1.3448 six-week-high cap, and is pressing a new session high near 1.3467 with RSI(14) stretched at 84. The 1.3445 breakout level lines up with the 38.2% retrace of the leg.
Support: 1.3445, 1.3431, 1.3408
Resistance: 1.3467, 1.3500
What it said to watch
Holding above the 1.3445 breakout keeps the impulse intact; a slip back below it reads as a false break
Close below the 1.3431 swing low and the rising trendline breaks the HL chain
RSI near 84 leaves the leg stretched into the session high, with 1.3500 psych next above
Late Senate calls or contested midterm results could swing the USD leg during Asia/London
US ADP 13:15 UTC and ISM Services 15:00 UTC today could materially shift this read
01:31 UTC
Uptrend, extended into Asia · RSI 74 · price 1.34518
Asia breakout above Tuesday high, higher-low chain off 1.3408.
Wednesday's Asia session ran about 48 pips off the 1.3408 rally base as US midterm results came through and USD softened. The move cleared Tuesday's NY high near 1.3432 and the 1.3448 six-week high. RSI(14) is near 74 and price is stalling just under the 1.3456 session high.
Support: 1.3445, 1.3431, 1.3408
Resistance: 1.3456, 1.3465, 1.3500
What it said to watch
An M15 close back below the 1.3445 breakout lvl would mark a false break of the six-week high.
Loss of the 1.3431 pullback low breaks the higher-low chain. The 38.2% rally fib near 1.3437 sits just above it.
Acceptance above the 1.3456 session high opens the 1.3465 barrier, then the 1.3500 round number.
Late Senate calls or contested midterm results into the London open could swing the USD leg sharply. BoE on Thursday is the next major driver.
Early Asia session spiked about 37 pips off the 1.3408 session low as US midterm results landed. The move cleared Tuesday's 1.3431 prior high and stalled at a 1.3445 session high, just under the six-week high. The pullback retested 1.3431, the 38.2% level of the Asia spike fib, and held; RSI(14) has cooled to ~67.
Support: 1.3431, 1.3408
Resistance: 1.34446, 1.3450
What it said to watch
M15 close back below the 1.3431 prior high turns the breakout into a false break and puts the 1.3408 session low back in view
Acceptance above the 1.3445 session high and the 1.3450 psych cap would clear the six-week high
Senate race calls through Asia could move the USD leg; ADP at 13:15 UTC Wed is the next scheduled risk
Early-Asia break above Tuesday's 1.3432 range top, pulling back from 1.3445 spike high.
GBPUSD went flat through the late NY session, then rallied 37 pips off the 1.3408 asia low in the first hour of the Asia session as US midterm results began landing. The rally cleared the 1.3432 tue high and reached a 1.3445 spike high, just under the 1.3448 six-week cap, where it was rejected. Price is now back at 1.3435, testing the old range top, with RSI(14) easing to 65.
Support: 1.34324, 1.34261, 1.34076
Resistance: 1.34446, 1.3465
What it said to watch
M15 close back below the 1.3432 tue high turns the breakout into a false break, with the 50% fib of the Asia spike at 1.3426 next
Acceptance above the 1.3445 spike high and 1.3448 six-week high opens the 1.3465 barrier
Loss of the 1.3408 asia low erases the whole midterm-driven leg
Further midterm race calls, especially the Senate, could materially shift this read through Asia
ATR(14) has expanded from about 4 to about 7 pips on the spike
GBP/USD rallied 37 pips in early Asia as US midterm results landed. The move ran off the 1.3408 swing low and cleared Tuesday's NY prior high at 1.3432 to a 1.3445 session high, pressing the 1.3435-1.3450 cap just under the 1.3448 six-week high. RSI(14) is short-term hot at 75 and ATR(14) is about 7 pips after a quiet late-NY drift.
Support: 1.3432, 1.3426, 1.3408
Resistance: 1.3445, 1.3450
What it said to watch
M15 close back below the 1.3432 prior high would mark the breakout as a false break
Acceptance above the 1.3450 round number clears the six-week high cap
Loss of the 1.3426 fib 50% of the Asia rally breaks the HH/HL chain toward the 1.3408 swing low
Senate race calls through Asia could swing the USD leg sharply
Asia break above prior-day high, now retesting it.
Early Asia lifted cable from the 1.3408 overnight low through Tuesday's 1.3432 NY prior high to a 1.3435 session high as US midterm results came in, with RSI(14) cooling to about 65. Price is now holding at the 1.3432 prior high after a dip to the 1.3426 pullback low.
Support: 1.34264, 1.34076
Resistance: 1.34351, 1.3448
What it said to watch
M15 close below the 1.3426 pullback low would mark the move above the prior high as a false break
Acceptance above the 1.3435 session high opens the path to the six-week high at 1.3448
Senate call in the midterm count could drive the USD leg and shift this read
Loss of the 1.3408 overnight low unwinds the entire overnight leg
00:16 UTC
Range break higher, momentum hot · RSI 68 · price 1.34339
Early-Asia spike through Tuesday's 1.3407–1.3432 range top.
After rollover, a swing low at 1.3408 gave way to a 27-pip spike in early Asia as US midterm results rolled in. Price cleared Tuesday's NY prior high at 1.3432 and printed a session high at 1.3435, the bottom of the 1.3435–1.3450 cap zone, with RSI(14) near 68.
Support: 1.34324, 1.34212, 1.34076
Resistance: 1.34347, 1.3448
What it said to watch
M15 close back below the 1.3432 prior high would mark a false break of Tuesday's range
Pullback holding the fib 50% at 1.3421 keeps the spike structure intact; a loss of the 1.3408 swing low erases it
Acceptance above the session high at 1.3435 opens the 1.3448 6-wk high at the top of the cap zone
Senate call in the midterm count, then ADP 13:15 UTC and ISM Services 15:00 UTC, could materially shift this read
00:01 UTC
Sideways range, late headline spike to range top · RSI 64 · price 1.34294
1.3403–1.3432 range since London; midterm-driven spike probed above the NY high and closed back below it.
US midterm results from 23:00 UTC lifted GBP/USD 27 pips off the 1.3408 late low. The 23:45 bar swept the 1.3432 NY high to a 1.3435 day high but closed at 1.3429, just above the 1.3428 prior swing, so the London–NY range top is probed but not cleared. RSI(14) is near 64 and not stretched, while ATR(14) of about 6 pips undersells the size of the last two bars.
Support: 1.3428, 1.3421, 1.3408
Resistance: 1.3432, 1.3435, 1.3448
What it said to watch
M15 close above the 1.3435 day high clears the range top and brings the 1.3448 six-wk high into view
Loss of the 1.3428 prior swing and a slide under the 50% fib at 1.3421 turns the spike into a false break back inside the range
Failure to hold the 1.3408 late low returns the read to the lower half of the range
Senate control call during the Asia session and ADP at 13:15 UTC could materially shift this read