21:01 UTC
Range breaking lower, momentum turning down · RSI 39 · price 1.33362
Range floor broken, fresh lower low.
GBPUSD spent April-May ranging roughly between the March low at 1.31736 and the 1.3650 range top, holding above EMA(50) on D1. The latest session reversed hard after the blowout US NFP print, with price tagging 1.3483 then selling off to close at 1.3336 — breaking the 1.34 floor and printing a fresh lower low below EMA20 and EMA50. The move neutralised the recovery and pushes price toward the 1.3300 psych level.
Support: 1.3300, 1.31736
Resistance: 1.3470, 1.3650
What it said to watch
- Daily close below 1.3300 psych opens the path to the 1.31736 march low
- Reclaim of the 1.3470 ceiling needed to neutralise the bearish tilt
- US CPI Jun 10 is the dominant near-term driver and could reshape this read