1.3190–1.3286 weekly range; lower highs since Tuesday's peak, floor intact.
Tuesday's London-session rally to the 1.3286 week high was a false break above the range top. Wednesday's London selloff then returned price to the 1.3200 range floor as US yields surged and the 10y auction cleared at 5.30%. Demand has stepped in at the 1.3190–1.3193 area three times this week, but the NY bounce stalled at the ema20 near 1.3223. Price is now pinned below both EMAs with RSI(14) near 42, just above the 23.6% retracement of the Tue-Wed decline.
Support: 1.3200, 1.3190
Resistance: 1.3223, 1.3239, 1.3286
What it said to watch
H1 close below the 1.3190 week low breaks the range floor and the triple-tested lows; 1.3180 is the next flagged level
Reclaim of the ema20 and the 1.3239 weekly open would clear the 38.2% retracement of the Tue-Wed decline (~1.3229) and return price to mid-range
Week high at 1.3286 remains the range cap after Tuesday's false break above 1.3276
Thursday's Fed Waller (08:30 UTC), US jobless claims (12:30 UTC) and BoE's Greene and Lombardelli could materially shift this read via US yields
1.3190–1.3286 weekly range, price in lower third below EMA20.
Tuesday's London-session dollar relief lifted GBP/USD to the week high at 1.3286. Wednesday's yield-driven USD bid erased that move through London and early NY. The drop stalled at 1.3193, just above Monday's 1.3190 low, and that rejection marks the range floor. Hawkish-leaning FOMC minutes drew only a muted reaction, leaving price near 1.3212 under the ema20 (~1.3223) and the weekly open, with RSI(14) near 38 and the lower highs line from Tuesday still intact.
Support: 1.3192, 1.3181
Resistance: 1.3223, 1.3239, 1.3286
What it said to watch
H1 close below the 1.3192 range floor breaks the week's double low and exposes the fri low at 1.3181, then 1.3140
Recovery through the ema20 and lower highs line near 1.3220, plus the 38.2% fib of the Tue-Wed drop at ~1.3229, would reopen the weekly open at 1.3239
Week high at 1.3286 remains the range top; only a move back there negates the lower-highs sequence
Fed Waller (08:30 UTC), jobless claims (12:30 UTC) and BoE Greene/Lombardelli on Thursday could materially shift this read
21:03 UTC
Range, sold back to the floor · RSI 36 · price 1.32126
Tuesday's London-led rally hit a weekly high at 1.3286 and was rejected. Wednesday's London session then unwound the entire move as US yields climbed to 24-year highs, and price tagged 1.3193, just above Monday's 1.3190 weekly low, which has now held three tests this week. The NY bounce stalled under the EMA(20) near 1.3226 and stayed muted through the hawkish FOMC minutes, with RSI(14) near 36 and price holding around the 23.6% retracement of the Tue–Wed drop.
Support: 1.3190, 1.3181
Resistance: 1.3226, 1.3239, 1.3286
What it said to watch
H1 close below the 1.3190 weekly low breaks the range floor and exposes the 1.3181 prior wk low
Reclaim of the 1.3226 ema20 and the 1.3239 weekly open (50% fib of the Tue–Wed drop) would neutralise Wednesday's sell-off
Rejection again under the ema20 keeps the bounce corrective inside the lower half of the range
Fed's Waller (08:30 UTC), BoE's Greene (09:15 GMT) and US jobless claims (12:30 UTC) on Thursday could materially shift this read
Lower highs since Tuesday's 1.3286 week high, floor at 1.3190–1.3193.
Tuesday's London-led rally from the 1.3201 tuesday low to the 1.3286 week high fully unwound on Wednesday. US yields hit 24-year highs and NY-session selling drove price to 1.3193, a retest of Monday's 1.3190 weekly low. The FOMC minutes at 18:00 GMT drew a muted response, and price is drifting at 1.3219 beneath ema20 (~1.3227) and a lower-highs line, with the 1.3239 weekly open aligned with the 50% fib of the drop.
Support: 1.3201, 1.3190, 1.3140
Resistance: 1.3227, 1.3239, 1.3286
What it said to watch
H1 close below the 1.3190 weekly low breaks the week's range floor and exposes 1.3140 major supp
Reclaiming ema20 and the 1.3239 weekly open (50% fib) would break the lower-highs line and recover half of Wednesday's drop
Post-minutes yield reversal plus Thu Waller (08:30 UTC) and jobless claims (12:30 UTC) could materially shift this read
BoE Greene/Lombardelli on Thursday pushing back on November hike pricing would add pressure on the tuesday low
1.3190–1.3286 range; lower highs since Tuesday's peak, floor defended a third time.
Tuesday's London-to-NY rally to the 1.3286 week high fully unwound on Wednesday as US yields hit 24-year highs. The slide extended through the London session into a 1.3193 low, the third test of the 1.3190 range floor this week, and buyers stepped in again there. Price is now basing near 1.3216, below the EMA(20) around 1.3228 and the 1.3239 weekly open, which coincides with the 50% retrace of the Tuesday–Wednesday drop. RSI(14) sits in the mid-30s with no divergence, and the FOMC minutes reaction is still forming on the current bar.
Support: 1.3190, 1.3181
Resistance: 1.3228, 1.3239, 1.3286
What it said to watch
H1 close below the 1.3190 range floor confirms a range break and exposes the 1.3181 prior-wk low
Reclaim of the ema20 and the 1.3239 weekly open (50% of the tue-wed drop) would neutralise Wednesday's lower-high sequence
FOMC minutes reaction (released 18:00 UTC) could materially shift this read; the 1.3286 week high caps the range top
BoE Greene (09:15 GMT) and Fed's Waller (08:30 UTC) on Thursday are the next scheduled catalysts for the range edges
18:02 UTC
Range-bound, short-term down leg since Tuesday's peak · RSI 34 · price 1.3211
Lower highs from 1.3286 into a retest of the 1.3190 week lows.
GBPUSD has unwound Tuesday's London-led rally to the 1.3286 week high, sliding from today's London open to 1.3193 as the dollar firmed on 24-year-high US yields and Brent back above $100. Price is back at the week lows, with Monday's NY-session low at 1.3190 holding a second test and the 1.3180 range floor just beneath. The bounce stalled below the 38.2% retracement of the Tuesday–Wednesday drop and under the ema20 near 1.3229, with RSI(14) in the mid-30s and lower highs intact since Tuesday's peak.
Support: 1.3190, 1.3180
Resistance: 1.3229, 1.3239, 1.3286
What it said to watch
H1 close below the 1.3190 week low and 1.3180 range floor would break the range in place since Sep 24, exposing 1.3140
Recovery above the ema20 and the 1.3239 week open would break the lower-highs sequence and restore the mid-range read
FOMC Minutes at 18:00 GMT, due on the next bar, could materially shift this read, with a hawkish lean pressuring the range floor
BoE Greene (Thu 09:15 GMT) and Lombardelli (Thu 13:00 GMT) carry asymmetric GBP risk against ~85% November hike pricing
Rejection again below the 1.3286 week high keeps the range top intact
Lower highs from Tuesday's week high; 1.3190s range floor retested.
The pair opened the week at 1.3239. Tuesday's London rally ran to the 1.3286 week high, and Wednesday gave all of it back through London and NY hours as USD firmed on 24-year-high Treasury yields and Brent above $100. Today's low at 1.3193 retested the week low area (1.3190, Monday), where Friday's post-NFP low also held. The NY-session bounce from there stalled at a 1.3224 bounce high under the lower-highs line, with price below EMA(20) near 1.3232 and RSI(14) recovering from sub-25 readings at the low.
Support: 1.3200, 1.3190
Resistance: 1.3224, 1.3239, 1.3286
What it said to watch
FOMC Minutes at 18:00 GMT, about an hour away, could materially shift this read
H1 close below the 1.3190 week low breaks the range floor and the 1.3200 round number, exposing 1.3180 then 1.3140
Close above the 1.3224 bounce high breaks the lower-highs line
Reclaiming 1.3239 (week open, 50% of the week high-to-Wed low drop) puts price back above EMA(20)
BoE Greene (Thu 09:15 GMT) and Lombardelli (Thu 13:00 GMT) are the next GBP risk against ~85% Nov hike pricing
16:02 UTC
Range-bound, sharp pullback from week high · RSI 37 · price 1.32185
1.3190–1.3286 weekly range; lower highs since Tuesday's peak, floor holding.
The week opened at 1.3239. Monday swung both ways, with lows near 1.3190, before Tuesday's London-led rally reached the 1.3286 week high. Wednesday unwound the whole move through London and into the NY session, as US 10y yields at 5.35% and Brent above $100 lifted USD. Price printed 1.3193 before demand stepped in just above Monday's week low, leaving a range floor at 1.3190. Price now sits near the 1.3200 round number, below EMA(20) and EMA(50), with RSI(14) near 37. Lower highs mark Wednesday's decline, and the 50% of the Tue–Wed decline fib sits near 1.3239, in line with the weekly open.
Support: 1.3200, 1.3190
Resistance: 1.3239, 1.3286
What it said to watch
H1 close below the 1.3190 week low breaks the range floor and opens the 1.3140 area flagged in the digest
Reclaiming the weekly open at 1.3239 (50% of the decline fib, near EMA20) would break the lower highs sequence
FOMC Minutes at 18:00 GMT, about 3h out, could decide the range break; BoE's Greene Thu 09:15 GMT is the next GBP risk
Repeated holds at the 1.3200 round number keep the 1.3190–1.3286 range read intact
Lower highs from 1.3286 week high back into the 1.3190 range floor.
GBPUSD has unwound all of Tuesday's London-led push to the 1.3286 week high. A steady London-session selloff today, on a firmer USD with the US 10y back above 5.30%, took price to 1.3193, a third test of the 1.3190 week low after Monday's two Asia and NY dips held there. Price sits below EMA(20) near 1.3235 and the 1.3239 weekly open, with RSI(14) near 33 after a run of lower highs since Tuesday, but the 1.3190–1.3286 range floor is still intact.
Support: 1.3190, 1.3181
Resistance: 1.3239, 1.3256, 1.3286
What it said to watch
H1 close below the 1.3190 week low breaks the range floor and exposes the 1.3181 prior low
Recovery above the 1.3239 weekly open and EMA(20) negates the lower-highs sequence
A rebound capped at the 1.3256 nfp high keeps price in the lower half of the range
FOMC Minutes at 18:00 GMT could materially shift this read; BoE's Greene and Lombardelli on Thursday add GBP-side risk
14:02 UTC
Down since Tuesday high, inside weekly range · RSI 32 · price 1.32056
Lower highs from 1.3286; retesting 1.3190 range floor.
Tuesday's London-session rally to the 1.3286 week high came on the US yield dip. It has been fully unwound as USD demand returned on yields and oil, with a steady lower-highs sequence from the Asia session through London taking price back to the 1.3190 monday low. RSI(14) touched 30 into the NY open, and price sits below EMA(20) near 1.3238, which lines up with the weekly open and the 50% level of the sell-off fib.
Support: 1.3190, 1.3181
Resistance: 1.3239, 1.3250, 1.3286
What it said to watch
FOMC Minutes at 18:00 UTC (~4h) could materially shift this read around the 1.3190/1.3181 floor
H1 close below the friday low at 1.3181 breaks the range floor that has held since Thursday
Recovery through the lower-highs trendline and weekly open at 1.3239 neutralises the sell-off; the 61.8% fib at 1.3250 and the week high at 1.3286 sit above
BoE's Greene and Lombardelli on Thursday could add GBP-side volatility at the range edges
Lower highs since Tuesday's week high; range 1.3190–1.3286 intact.
GBPUSD has given back almost all of Tuesday's London-session rally to the 1.3286 week high. It slid through the 1.3239 week open and the 1.3256 Fri high during Wednesday's London session as USD demand returned with US 10y yields back above 5.30% ahead of the FOMC Minutes. Price now sits below EMA(20) and EMA(50) with RSI(14) near 34, having retraced roughly 75% of the Monday-low-to-Tuesday-high leg. Wednesday's lower highs cap the move, while the 1.3203 day low, the 1.3190 week low and the 1.3181 range floor mark the base of the weekly range.
Support: 1.3203, 1.3190, 1.3181
Resistance: 1.3239, 1.3256, 1.3286
What it said to watch
H1 close below the 1.3190 week low breaks the weekly range and exposes the 1.3181 range floor, then 1.3140
Recovery above the 1.3239 week open and the Wednesday lower-highs trendline neutralises the intraday downtrend and puts the 1.3256 Fri high back in play
Failure to hold the 1.3203 day low extends the sequence of lower lows from Wednesday's London session
FOMC Minutes at 18:00 GMT today and the US 10y auction could materially shift this read
Lower highs inside a 1.3181–1.3286 range, at Tuesday's base.
Wednesday has unwound almost all of Tuesday's London-led rally from the 1.3201 tue low to the 1.3286 week high. Selling through the London session took price back below the 1.3239 weekly open and past the 78.6% level of the tue rally fib, as USD firmed on rebounding yields and oil ahead of the FOMC Minutes. Price trades below EMA(20) and EMA(50), with wed lower highs capping each bounce since the Asia session and RSI(14) near 35, but the week's 1.3181–1.3286 range is intact with the range floor untested.
Support: 1.3201, 1.3190, 1.3181
Resistance: 1.3239, 1.3245, 1.3286
What it said to watch
H1 close below the 1.3201 tue low exposes the 1.3190 mon low and the 1.3181 range floor
Recovery above the weekly open and ema20 near 1.3240–1.3245 would break the wed lower highs line and neutralise the pullback
Rejection again near the 1.3286 week high keeps the range read intact
FOMC Minutes at 18:00 GMT could materially shift this read
Lower highs since Tuesday's high, full retrace of the rally.
Tuesday's London-session rally ran to the 1.3286 week high, clearing Friday's 1.3256 post-NFP high, but has since been fully unwound and now reads as a false break. Wednesday's London open extended a run of lower highs and pushed price below the weekly open and EMA20 (~1.3249), helped by renewed USD demand on higher US yields and Brent above $100 into the FOMC Minutes. Price sits just above today's 1.3225 session low, past the 61.8% of Tuesday's rally, with RSI(14) near 33 and the 1.3190–1.3286 week range still framing the action.
Support: 1.3225, 1.3201, 1.3190
Resistance: 1.3239, 1.3249, 1.3286
What it said to watch
H1 close below the 1.3225 session low exposes the 1.3201 Tuesday low and the 78.6% of Tuesday's rally near 1.3219
Break of the 1.3190 week low, Monday's double test, would take price through the range floor
Recovery above the weekly open and EMA20 (1.3239–1.3249) would break the lower-highs line from Tuesday's high
Week high at 1.3286 remains the range top if the retrace reverses
FOMC Minutes at 18:00 GMT today could materially shift this read
10:02 UTC
Pullback within range after failed upside push · RSI 33 · price 1.32403
Lower highs from Tuesday's 1.3286 week high, back at weekly open.
Tuesday's London-session impulse cleared Friday's post-NFP high and ran to a 1.3286 week high as the dollar eased, but it stalled in NY and has unwound through Asia and into today's London open on renewed USD demand from firmer yields. Price has slipped below EMA(20) near 1.3252 and is sitting on the weekly open around 1.3239. Today's session low at 1.3230 tagged just past the 61.8% retracement of Tuesday's impulse, while RSI(14) near 33 and a run of lower highs since the week high show supply capping each bounce.
Support: 1.3239, 1.3230, 1.3201
Resistance: 1.3252, 1.3286
What it said to watch
FOMC Minutes at 18:00 GMT and the US 10-year auction could materially shift this read
H1 close below the 1.3230 session low extends the retracement toward the 1.3201 tuesday low and the 1.3190 week low
Recovery above the ema20 near 1.3252 and the lower highs line would neutralise the pullback read; the 1.3286 week high caps the range top
09:02 UTC
Range-bound, pulling back from week high · RSI 41 · price 1.3238
Failed push above range top, lower highs since Tuesday.
Tuesday's London-session rally from the 1.3201 Tuesday low printed a week high at 1.3286 as the dollar eased. It could not hold above the 1.3281 range top. Price then bled lower through the Asia session as USD recovered on oil above $100 and positioning ahead of the FOMC minutes, and the London open extended the drop to a London low of 1.3230, near the 61.8% fib of Tuesday's rally. Price now sits at the weekly open of 1.3239, below EMA(20) at 1.3253, with the lower-highs line intact, RSI(14) back near 41, and the Monday low at 1.3190 still marking the floor of the range held since Sep 24.
Support: 1.3230, 1.3201, 1.3190
Resistance: 1.3239, 1.3253, 1.3286
What it said to watch
H1 close below the London low at 1.3230 and the 61.8% fib exposes the Tuesday low at 1.3201
A break of the Monday low at 1.3190 ends the range held since Sep 24
Recovery above the weekly open and EMA20 at 1.3253 breaks the lower-highs line and puts the week high at 1.3286 back in view
FOMC minutes at 18:00 GMT today could materially shift this read
08:02 UTC
Range-bound, pulling back from week high · RSI 45 · price 1.32482
Lower highs off Tuesday's NY peak, testing weekly open inside 1.319–1.329 range.
The USD retreat on easing Treasury yields lifted the pair Tuesday from the 1.3201 Tue low. The rally started at London open and peaked in the NY session at a 1.3286 week high. That move has faded through Asia and early London as higher oil revived Fed hike bets, leaving a run of lower highs and price back below EMA(20) near 1.3255. Price is now sitting on the 1.3239 weekly open, which lines up with EMA(50) and the 50% fib of Tuesday's rally, while higher lows from Thursday's 1.3181 and Monday's 1.3190 week low keep the broader range intact.
Support: 1.3239, 1.3201, 1.3190
Resistance: 1.3255, 1.3286, 1.3315
What it said to watch
H1 close below the 1.3239 weekly open and 50% fib exposes the 1.3201 tue low and 1.3190 week low
Recovery back above EMA(20) at ~1.3255 breaks the lower-highs sequence from Tuesday's NY peak
H1 close above the 1.3286 week high opens the path to the 1.3315 upside cap at the top of the range
Loss of the higher-lows trendline from Thursday's low would shift the read from range to lower-low
FOMC minutes at 18:00 GMT today could materially shift this read; BoE Greene speaks Thu 09:15 GMT
07:02 UTC
Range-bound, pulling back from Tuesday's week high · RSI 38 · price 1.32481
Tuesday's dollar-led leg off the Monday low ran from London open into NY hours and printed the week high at 1.3286 as Treasury yields eased. Since then a sequence of lower highs through Asia and early London has dragged price under ema20 (~1.3256), with RSI(14) slipping toward 38 as USD regains ground on firmer yields and oil ahead of the FOMC minutes. Price is now testing the fib 38.2 of the Monday-to-Tuesday rally around 1.3245, just above the weekly open at 1.3239 and the prior Friday breakout zone.
Support: 1.3245, 1.3239, 1.3190
Resistance: 1.3256, 1.3286
What it said to watch
H1 close below the weekly open at 1.3239 (near the 50% fib) points the pullback back toward the Monday low at 1.3190
Reclaiming ema20 at 1.3256 and breaking the lower-highs line would put the week high at 1.3286 back in focus
FOMC minutes today 18:00 GMT could materially shift this read; hawkish tone targets the 1.3180-1.3200 range floor
BoE Greene (Thu 09:15 GMT) and Lombardelli (Thu 13:00 GMT) pushback on a November hike would add GBP-side pressure
06:02 UTC
Rangebound, pulling back from week high · RSI 41 · price 1.32477
Tuesday breakout being retested; lower highs since 1.3286.
Tuesday's London-session breakout from Monday's 1.3190–1.3239 range ran to a weekly high at 1.3286 into NY hours as the USD eased off its highs. Asia-session selling since Wednesday's open, on renewed oil and Fed-hike worries, has printed steady lower highs and pulled price back under EMA(20) at 1.3256, with RSI(14) cooling to ~41. Price now sits on the breakout base between the 38.2% and 50% fib of Tuesday's leg, with EMA(50) at 1.3245 and the weekly open at 1.3239 just below.
Support: 1.3245, 1.3239, 1.3190
Resistance: 1.3256, 1.3261, 1.3286
What it said to watch
FOMC minutes at 18:00 GMT today could materially shift this read; the digest flags hawkish minutes as the larger USD risk
H1 close back above EMA(20) and the 1.3261 tue shelf breaks the lower-highs line and reopens the weekly high at 1.3286
Failure to hold EMA(50) and the weekly open at 1.3239 turns the retest into a failed breakout, exposing 1.3201 and the weekly low at 1.3190
05:02 UTC
Range with upside break, pulling back · RSI 49 · price 1.32521
Tuesday breakout above Monday's congestion, now retracing to 38.2% fib.
Cable broke out of Monday's 1.3190–1.3240 congestion in Tuesday's London session as the dollar eased with Treasury yields. It printed a week high at 1.3286 with RSI(14) overbought, then stalled through NY. Wednesday's Asia-session drift, as oil and yields revived Fed-hike concerns, has taken price back below EMA(20) near 1.3258 and onto the 38.2% fib of Tuesday's rally at 1.3253, with RSI back near 49; the week open at 1.3239 and the higher-low trendline from Monday's week low at 1.3190 sit below.
Support: 1.3253, 1.3239, 1.3190
Resistance: 1.3258, 1.3286
What it said to watch
FOMC minutes Wed 18:00 UTC could materially shift this read
H1 close back above EMA20 at 1.3258 reopens a test of the 1.3286 week high
Failure to hold the week open at 1.3239 exposes the 61.8% fib near 1.3233 and the 1.3190 week low
Break below the higher-low trendline would return price to Monday's congestion
04:01 UTC
Breakout higher Tuesday, now fading in Asia · RSI 39 · price 1.32518
Higher lows from 1.3190; pullback to old range top.
Cable spent Thursday through Monday chopping between the 1.3190 week low and the 1.3256 friday high. Tuesday's London-session breakout, driven by a softer dollar as yields and oil eased, carried price to a 1.3286 week high. Asia trade has since faded the move back to the friday high near 1.3250, dropping price under EMA(20) at 1.3258 with RSI(14) at 39. Price is testing the 38.2% fib of Tuesday's impulse while the higher lows from Monday stay intact.
Support: 1.3239, 1.3201, 1.3190
Resistance: 1.3256, 1.3286
What it said to watch
H1 close back above the friday high and EMA(20) near 1.3258 restores the breakout read, with the week high at 1.3286 overhead
Acceptance below the weekly open at 1.3239, near the 50% fib, turns the retest into a failed breakout
Loss of the tuesday low at 1.3201 breaks the higher lows and reopens the week low at 1.3190
FOMC minutes at 18:00 UTC today could materially shift this read
03:02 UTC
Range with upside break attempt, now fading · RSI 51 · price 1.32552
Higher lows off 1.3190 double bottom; pullback from 1.3285 week high.
Cable opened the week at 1.3239 and dropped in Monday's Asia session to a 1.3190 double btm, retested in the first hour of NY, before Tuesday's London session drove an 85-pip impulse to the 1.3285 week high as the dollar eased with yields and oil. Wednesday's Asia drift has taken price back under the 1.3265 range top and below the ema20 near 1.3259, to the 38.2% retracement of Tuesday's impulse around 1.3253. RSI(14) has cooled from about 80 on Tuesday to 51, and ATR has compressed to roughly 10 pips ahead of the FOMC minutes.
Support: 1.32443, 1.32393, 1.3190
Resistance: 1.32594, 1.3265, 1.32855
What it said to watch
FOMC minutes Wed 18:00 UTC could materially shift this read; the digest flags hawkish minutes as the larger USD risk
H1 close below the ema50 and 50% fib near 1.3244 exposes the weekly open at 1.3239 and the 61.8% at 1.3233
Recovery above the ema20 and back through the 1.3265 range top reopens the 1.3285 week high
Break of the higher lows trendline and the 1.3190 double btm would revert the week to range-floor tests near 1.3140
02:02 UTC
Uptrend after range break, momentum cooling · RSI 55 · price 1.32606
Breakout above 1.3255 range top, now consolidating just above it.
Price spent Thursday through Monday in a 1.3180–1.3255 range. Tuesday's impulse from the London open broke the prior high at 1.3255 and ran to a 1.3286 week high as the USD eased with Treasury yields. Since then the pair has held a tight 1.3260–1.3285 consolidation and has slipped in Asia to sit on EMA(20) near 1.3260. RSI(14) has cooled to around 55 from overbought, and the higher lows from Monday's 1.3190 remain intact below.
Support: 1.3255, 1.3240, 1.3200
Resistance: 1.32855, 1.3300
What it said to watch
FOMC minutes at 18:00 UTC today could materially shift this read around the 1.3255 prior high
H1 close back below the 1.3255 prior high would turn the breakout into a false break and put the 1.3240 weekly open, near the 50% of Tuesday's impulse, in play
Close above the 1.3286 week high opens the 1.3300 round number
Loss of the 1.3240 weekly open reopens the 1.3200 range floor and tests the higher-lows line from Monday
01:01 UTC
Uptrend since Monday's low, pausing after breakout · RSI 59 · price 1.32664
Range break above 1.3256, retesting prior range top.
GBPUSD spent Thursday through Tuesday morning inside a 1.3180–1.3256 range. The range top was set by Friday's post-NFP spike. Tuesday's London session drove the break as the USD and Treasury yields eased, and NY hours extended it to a 1.3286 week high. Since then price has compressed in a 1.3265–1.3280 band above the old range top, with EMA(20) rising to 1.3260 underneath and RSI(14) cooling from the low 70s toward 59. The slight Asia gap lower is now testing the 23.6% fib of Tuesday's impulse.
Support: 1.3260, 1.3256, 1.3239
Resistance: 1.32855, 1.3300
What it said to watch
FOMC minutes Wed 18:00 UTC could materially shift this read; the GBP/USD move has been USD-driven
H1 close back below 1.3256 range top would mark a false break and expose the 1.3239 weekly open
H1 close above the 1.3286 week high opens the path to the 1.3300 round number
Failure of the higher lows trendline from Monday's 1.3190 low would undo the week's rising structure
Hold of ema20 near 1.3260 on this first pullback keeps the impulse structure intact
BoE Greene and Lombardelli on Thu: pushback on Nov hike pricing would weigh on GBP
00:02 UTC
Uptrend after range breakout, momentum cooling · RSI 63 · price 1.32711
Higher lows since Monday; consolidating above old range top.
After the weekly open at 1.3239, an Asia-session drop on Monday and a retest during NY hours both held at the 1.3190 weekly low, forming a double bottom. Tuesday's rally started at the London open and cleared the 1.3250–1.3265 range top as the USD eased with Treasury yields. The weekly high printed at 1.3286 in the NY session. Since then, price has consolidated in a tight band just above EMA(20) near 1.3261, with RSI(14) cooling to the low 60s after reaching overbought.
Support: 1.3261, 1.3239, 1.3190
Resistance: 1.32855, 1.3300
What it said to watch
FOMC minutes Wed 18:00 UTC could materially shift this read via US yields
H1 close back below the ema20 near 1.3261 and into the old range would mark a false break
Close above the 1.3286 weekly high extends the breakout toward the 1.3300 round number
Loss of the weekly open at 1.3239 breaks the higher-lows trendline and returns price to range
BoE Greene and Lombardelli on Thu could move GBP if they sound less committed to a Nov hike