GBP/USD AI Live Scan, 1-hour chart, Thursday, 8 October 2026

Every read JAFX AI made on the GBP/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.

23:02 UTC

Range-bound, rebounding from the floor · RSI 57 · price 1.32292

Lower highs since Tuesday inside a 1.3184–1.3286 range.

GBPUSD has held a 1.3184–1.3286 range since Monday's open. Tuesday's London-led push to the 1.3286 week high faded through Wednesday's London session. Thursday's London dip to a 1.3184 week low pierced the 1.3200 floor but reversed in NY as Waller's pause signal and Iran de-escalation softened the USD. The NY spike stalled at the thu high of 1.3248, near the 61.8% retracement and the lower-highs line. Price now sits just under the 50% fib at 1.3235, back above the ema20 at about 1.3219, with RSI(14) near 57.

Support: 1.3219, 1.3200, 1.31842

Resistance: 1.32349, 1.32483

What it said to watch

  • H1 close above the 50% fib at 1.3235 and the thu high at 1.3248 breaks the lower-highs line from Tuesday's week high
  • Failure to hold the ema20 near 1.3219 returns focus to the 1.3200 floor
  • A close below the 1.3184 week low invalidates the range read
  • US UoM sentiment and inflation expectations (Fri 14:00 UTC) plus Fed's Collins could materially shift this read

22:01 UTC

Range-bound, short-term recovery off the floor · RSI 59 · price 1.32297

1.3184-1.3286 range; lower high Thursday, higher low in NY.

GBP/USD has held a 1.3184-1.3286 range all week. Tuesday's London-into-NY rally set the week high at 1.3286, Wednesday's slide unwound it, and Thursday's London session printed the week low at 1.3184 before a NY rebound on Waller's comments. That bounce met rejection at the 1.3248 thu high, which sits near the weekly open and the 61.8% retrace of the Tue-Thu drop, leaving a lower high. Price now holds just above EMA(20) with RSI(14) near 59.

Support: 1.3216, 1.3203, 1.3184

Resistance: 1.3248, 1.3286

What it said to watch

  • H1 close above the 1.3248 thu high clears the 61.8% retrace and the lower-high line, putting the 1.3286 week high back in play
  • Loss of the 1.3203 thu ny low and EMA(20) breaks the NY higher-low sequence and returns focus to the range floor
  • H1 close below the 1.3184 week low breaks the ten-session range floor flagged in the digest
  • US UoM sentiment and inflation expectations (Fri 14:00 UTC) plus Fed's Collins could materially shift this read

21:03 UTC

Range-bound, lower highs since Tuesday · RSI 59 · price 1.32289

~100-pip range 1.3184–1.3286, lower highs off Tuesday's top, floor reclaimed.

GBPUSD has held a ~100-pip range all week. Tuesday's London-session spike to the 1.3286 week high was fully unwound on Wednesday as US yields climbed, and Thursday's London dip briefly undercut the 1.3200 range floor to a 1.3184 week low. Demand returned in the NY session on Waller's 'pause' hint and lifted price back above EMA(20) at 1.3214, but the spike stalled at the 1.3248 Thu high near the 61.8% fib, extending the lower-high trendline. RSI(14) sits near 59, with price still just under the 1.3239 weekly open.

Support: 1.3214, 1.3200, 1.31842

Resistance: 1.32393, 1.32483

What it said to watch

  • H1 close above the 1.3248 Thu high and the lower-high trendline reopens the 1.3286 week high
  • Weekly open at 1.3239: area to watch for rejection or break
  • Loss of EMA20 at 1.3214 puts the 1.3200 round number and the range floor back in play
  • A close below the 1.3184 week low turns Thursday's false break into a range break
  • US UMich sentiment and inflation expectations (Fri 14:00 UTC) could materially shift this read

20:02 UTC

Range-bound, rebounding off the floor · RSI 57 · price 1.32253

1.3184–1.3286 weekly range; Thursday printed a lower high at 1.3248.

Tuesday's London-session rally to the 1.3286 week high fully unwound into Wednesday as US yields climbed, and Thursday's London dip set a 1.3184 week low before buyers defended the 1.3200 range floor again. Waller's comments drove an NY-session spike to 1.3248, the Thu high, which was rejected right at the 61.8% fib of the week's decline. Price now sits around the 38.2% level, just under the 1.3239 weekly open and back above the H1 ema20 (~1.3214) and EMA50 (~1.3218), with RSI(14) near 56.

Support: 1.3214, 1.3200, 1.3184

Resistance: 1.3239, 1.3248, 1.3286

What it said to watch

  • H1 close above the 1.3248 Thu high clears the lower-highs line and the 61.8% fib, reopening the 1.3286 week high
  • Loss of the ema20 at 1.3214 returns price to the middle of the range
  • H1 close below the 1.3200 range floor and the 1.3184 week low breaks a ten-session base
  • Rejection under the 1.3239 weekly open keeps the lower-high sequence intact
  • UMich sentiment and inflation expectations plus Fed's Collins (Fri 14:00 UTC) could materially shift this read

19:02 UTC

Range-bound, lower highs since Tuesday · RSI 58 · price 1.32273

Week range 1.3184-1.3286; floor held after Thursday false break.

GBPUSD has rotated inside a 1.3184–1.3286 band since Monday's open. Tuesday's London-session rally to the week high was fully unwound by Thursday's London dip to a fresh week low, a brief break under the 1.3200 range floor that did not hold. Waller's comments drove a NY-session rebound that met rejection at Thursday's high near the 61.8% of the Tue-Thu drop; price now holds above EMA20 and EMA50 just below the weekly open, with RSI(14) around 58.

Support: 1.3213, 1.3200, 1.31842

Resistance: 1.32393, 1.32483

What it said to watch

  • H1 close above 1.3248 thu high breaks the lower highs line and opens the 1.3286 week high
  • Loss of ema20 near 1.3213 puts the 1.3200 range floor back in play
  • Close below the 1.3184 week low would turn Thursday's false break into a range break
  • US UoM sentiment and inflation expectations Fri 14:00 UTC could materially shift this read

18:01 UTC

Sideways, lower highs inside week range · RSI 51 · price 1.32152

Range 1.3184–1.3286 with lower highs since Tuesday.

GBP/USD opened the week at 1.3239 and has rotated inside a 1.3184–1.3286 band. Tuesday's London-into-NY spike to the 1.3286 week high was fully unwound in Wednesday's London session as US long-end yields climbed. Thursday's NY pop on Waller's 'no consecutive hikes' remark stalled at 1.3248, the thu high, near the 61.8% retrace of the Tuesday–Thursday drop, extending the lower highs. Price now sits just above ema20 (~1.3209) and below EMA(50), with RSI(14) flat near 51, while the 1.3200 range floor has held on every test this week.

Support: 1.3209, 1.3200, 1.3184

Resistance: 1.3239, 1.3248, 1.3286

What it said to watch

  • H1 close below the 1.3184 week low breaks the range floor and confirms a lower low
  • Acceptance above the 1.3248 thu high and the lower-highs trendline reopens 1.3286
  • Failure to hold ema20 near 1.3209 puts the 1.3200 range floor back in play
  • Weekly open at 1.3239 is the first area to watch for rejection or break
  • US Michigan sentiment and inflation expectations Fri 14:00 UTC could materially shift this read

17:01 UTC

Range-bound, lower high from Tuesday's peak · RSI 48 · price 1.32081

1.3184-1.3286 weekly range; lower highs since Tuesday, flat floor near 1.3190.

Tuesday's London-NY rally to the 1.3286 week high was fully unwound into Wednesday's session as US yields pushed higher. The range floor around 1.3190-1.3200 has held on Monday, Wednesday and Thursday, with this morning's London dip printing the 1.3184 week low. During NY hours today the Waller-driven spike stalled at 1.3248, the fib 61.8 retracement of the Tuesday-Thursday decline, and was rejected back below the 1.3239 weekly open. Price now sits on EMA(20), RSI(14) is mid-range at 48, and EMA(50) is overhead.

Support: 1.3200, 1.3184

Resistance: 1.3239, 1.3248, 1.3286

What it said to watch

  • H1 close below 1.3184 week low breaks the range floor and confirms a lower-low
  • Reclaim of 1.3239 weekly open and the 1.3248 fib 61.8 rejection area weakens the lower-highs line
  • Acceptance above 1.3286 week high invalidates the range read
  • Fed's Musalem at 17:40 UTC today and Friday's Michigan sentiment (14:00 UTC) could materially shift this read

16:02 UTC

Range-bound, rebounding off floor · RSI 54 · price 1.32257

Lower highs since Tue, floor tested and reclaimed.

Tuesday's London-session spike to the 1.3286 week high was fully unwound as USD firmed on the hawkish FOMC minutes and multi-decade US yields, and London today printed a week low at 1.3184 just under the 1.3200 round number. A rebound early in the NY session reclaimed EMA20 and broke the lower-highs line from Tuesday. It stalled at a 1.3248 spike high near the 61.8% retracement of the Tuesday-to-Thursday drop, and price is now back near 38.2%, just under the 1.3239 weekly open, with RSI(14) back to the mid-50s.

Support: 1.3208, 1.3200, 1.31842

Resistance: 1.32393, 1.32483

What it said to watch

  • H1 close back below the 1.3200 round number and the 1.3184 week low would confirm a break of the ten-session range floor
  • Holding EMA20 with a close through the weekly open and the 1.3248 spike high reopens the 1.3286 week high
  • Fed's Musalem at 17:40 UTC and Friday's Michigan sentiment and inflation expectations could shift the USD leg of this read
  • A move back under the broken lower-highs line would neutralise today's breakout attempt

15:02 UTC

Range-bound, lower highs since Tuesday · RSI 51 · price 1.32132

Lower highs into 1.3190 range floor; Thursday dip below it reclaimed.

GBPUSD has fully unwound Tuesday's London-session spike to the 1.3286 week high and printed lower highs since, with the slide through Wednesday's London-NY transition tracking firmer US yields and the hawkish FOMC minutes. The 1.3190 range floor held on Monday and Wednesday. Thursday's London dip to a 1.3184 week low was reclaimed into NY hours around the Bailey and Lombardelli remarks, lifting price back above the ema20 near 1.3208, with RSI(14) recovering to about 51 and the 38.2% fib of the week's decline at 1.3222 just overhead.

Support: 1.3208, 1.3190, 1.3184

Resistance: 1.3222, 1.3239, 1.3286

What it said to watch

  • H1 close above the 38.2% fib at 1.3222 and the lower-high line from Tuesday opens a test of the week open at 1.3239
  • Failure to hold the 1.3190 range floor, with a close under the 1.3184 week low, turns Thursday's false break into a range break
  • Only a recovery of the 1.3286 week high would end the lower-high sequence
  • Fed's Kashkari (14:40 UTC) and Musalem (17:40 UTC) today, then Friday's UoM sentiment (14:00 UTC), could materially shift this read via US yields

14:01 UTC

Range-bound, drifting lower since Tuesday · RSI 44 · price 1.32013

Lower highs from 1.3286 pressing the 1.3200 floor.

The week opened at 1.3239 and has rotated inside 1.3184–1.3286. Tuesday's London-hours rally met rejection at the 1.3286 Tue high and was fully unwound on Wednesday as hawkish FOMC minutes and firm UST yields lifted USD. A lower-highs sequence has since pressed price onto the 1.3200 range floor; Thursday's London dip to a 1.3184 week low was reclaimed into the Bailey speech, which carried no explicit hike signal, so the move reads as a false break for now. Price sits below EMA(20) and EMA(50), with RSI(14) near 44.

Support: 1.3200, 1.31842

Resistance: 1.32221, 1.32393

What it said to watch

  • H1 close below the 1.3184 week low turns the false break into a range-floor breakdown, with 1.3140 the next reference
  • H1 close above the 1.3222 Thu high breaks the lower-highs trendline and puts the 1.3239 weekly open back in play
  • Fed's Kashkari (14:40 UTC) and Musalem (17:40 UTC) could shift USD tone and test the 1.3200 range floor
  • Fri 14:00 UTC Michigan sentiment and inflation expectations are the next USD-side risk to the range
  • Rebound toward the 38.2% fib of the Tue high-to-week low decline (~1.3223) would align with the Thu high

13:01 UTC

Downtrend from Tuesday high, momentum flattening · RSI 40 · price 1.3196

Lower highs since 1.3286, lows clustered 1.3184–1.3193.

GBP/USD has printed lower highs since Tuesday's London-session peak at 1.3286. Wednesday's London-to-NY slide followed the 5.30% 10y auction and hawkish FOMC minutes, and took price back to the 1.3190s. Thursday's London dip briefly swept below the Monday and Wednesday lows to a week low of 1.3184 before closing back near 1.3200, while price sits below EMA(20) at 1.3203 with RSI(14) near 40. The lower-high trendline now runs near 1.3205, and the 38.2% retrace of the week's decline at 1.3223 aligns with Thursday's lower high at 1.3222.

Support: 1.3184, 1.3140

Resistance: 1.3203, 1.3222, 1.3239

What it said to watch

  • H1 close below the 1.3184 week low extends the lower-low sequence and exposes next support at 1.3140
  • H1 close above the 1.3222 lower high breaks the lower-high trendline structure, with the 1.3239 week open next in view
  • BoE Lombardelli at 13:00 UTC and Fed's Kashkari at 14:40 UTC could materially shift this read
  • Failure to reclaim EMA(20) at 1.3203 keeps the 1.3184–1.3200 floor under repeated tests

12:02 UTC

Downtrend within range, pressing floor · RSI 42 · price 1.31992

Lower highs since Tuesday's spike high, testing range floor.

Tuesday's London spike to 1.3286 on Mann's hawkish remarks was fully unwound as US yields surged. That left a lower-highs sequence and a fresh week low at 1.3184 in Thursday's London session, just under Monday's low at 1.3190, at the 1.3180-1.3200 floor in place since late September. Price sits below EMA(20) near 1.3208, which lines up with the lower-highs trendline, while the Thursday high at 1.3222 stalled near the 38.2% fib of the Tuesday-Thursday decline, with RSI(14) at 42 and the week open at 1.3239 overhead.

Support: 1.3190, 1.31842

Resistance: 1.3208, 1.32221, 1.32393

What it said to watch

  • H1 close below the 1.3184 week low breaks the range floor and opens 1.3140
  • Recovery above the 1.3222 thu high and the lower-highs trendline invalidates the descending sequence, with the 1.3239 week open next
  • US jobless claims at 12:30 UTC and BoE Lombardelli at 13:00 UTC could materially shift this read

10:02 UTC

Downtrend inside range, lower highs since Tuesday · RSI 39 · price 1.31973

Lower highs from 1.3286 week high, testing range floor.

Tuesday's London-to-NY rally to 1.3286 met rejection at the range top and was fully unwound during Wednesday's London session, as resurgent US yields and hawkish FOMC minutes kept USD bid. That left a lower-highs trendline from 1.3254 through Thursday's 1.3222 lower high, which sits near the fib 38.2% of the weekly decline. Price is back at the 1.3200 round number and below the 1.3239 weekly open, under EMA(20) and EMA(50) with RSI(14) near 39; the London-open dip set a fresh week low at 1.3187 but has not extended toward the 1.3180 range floor.

Support: 1.3187, 1.3180, 1.3140

Resistance: 1.3200, 1.3222, 1.3239

What it said to watch

  • An H1 close below the 1.3180 range floor and the 1.3187 week low exposes the next floor at 1.3140
  • A recovery above the 1.3222 lower high and the lower-highs trendline breaks the descending sequence and brings the 1.3239 weekly open back into view
  • US jobless claims at 12:30 UTC and BoE Lombardelli at 13:00 UTC could materially shift this read

08:01 UTC

Range-bound, pressing lower within range · RSI 37 · price 1.31951

Lower highs since Tuesday against a flat 1.3190-1.3193 floor.

The week opened at 1.3239. Tuesday's London-to-NY rally on Mann's inflation warning met rejection at 1.3286 and was fully unwound in Wednesday's London session, as US yields jumped on the 5.30% 10-year auction and the hawkish FOMC minutes. Price sits at 1.3195, below EMA(20) near 1.3210 and below EMA(50). It is testing the 1.3190 week low for a third time, with bounces capped at the 1.3223 lower high and RSI(14) near 37.

Support: 1.3190, 1.3180

Resistance: 1.3210, 1.3223, 1.3239

What it said to watch

  • H1 close below the 1.3190 week low breaks the floor of the week's range and exposes next support at 1.3180
  • H1 close above the 1.3223 lower high breaks the lower-highs sequence and reopens the weekly open at 1.3239
  • Waller (08:30 UTC) and US jobless claims (12:30 UTC, f/c 200K) could materially shift this read
  • BoE's Greene (09:15 UTC) and Lombardelli (13:00 UTC) remarks on November hike odds
  • Failure to reclaim EMA(20) on bounces keeps price pinned to the range floor

07:01 UTC

Downtrend from Tuesday's high, pressing the range floor · RSI 34 · price 1.31951

Lower highs from 1.3286 into a flat range floor near 1.3190.

Tuesday's London-session rally to the 1.3286 week high was fully unwound on Wednesday. US 10y yields spiked on the 5.30% auction and hawkish FOMC minutes, taking price back to the 1.3190 range floor, which also held on Monday's lows. Wednesday's NY bounce stalled at 1.3224, a lower high just shy of the 38.2% fib, and Thursday's Asia drift has price back under the ema20 and EMA(50) with RSI(14) near 34.

Support: 1.3190, 1.3180

Resistance: 1.3211, 1.3224, 1.3286

What it said to watch

  • H1 close below the 1.3190 range floor and the 1.3180 break level would turn the range into a range break, with 1.3140 the next support cited in the digest
  • Recovery above the 1.3224 lower high and the lower-highs trendline would neutralise the downtrend read and reopen the 1.3286 week high
  • Holding back under the ema20 near 1.3211 on any bounce keeps the lower-highs sequence intact
  • Fed's Waller (08:30 UTC) and US jobless claims (12:30 UTC) could materially shift this read via US yields
  • BoE Greene (09:15 UTC) and Lombardelli (13:00 UTC) are a risk if they sound non-committal on a November hike

06:02 UTC

Downside pressure, lower highs since Tuesday peak · RSI 37 · price 1.31983

Range floor retest, lower highs pressing 1.3190–1.3200.

GBP/USD has fully unwound Tuesday's London-led rally to the 1.3286 week high. Wednesday's London selloff ran back to the 1.3193 wed low, as the 5.30% 10y auction and unanimous-hike Fed minutes lifted USD and US yields. Bounces since have printed lower highs, the latest at 1.3222 in Thursday's Asian range, and late Asia has slipped back under the 1.3200 psych level and the H1 ema20 near 1.3215. RSI(14) sits at 37, holding above Wednesday's trough reading, with price pressing the week low at 1.3190 for a third time this week.

Support: 1.3193, 1.3190, 1.3180

Resistance: 1.3200, 1.3215, 1.3222

What it said to watch

  • H1 close below the 1.3190 week low breaks a floor tested on Monday and Wednesday and exposes the 1.3180 range floor
  • Recovery above the ema20 and the 1.3222 lower high would break the lower-highs trendline from Wednesday's Asian session
  • Reclaim of the 38.2% fib of Wednesday's decline near 1.3229 would neutralise the lower-high sequence
  • Fed's Waller at 08:30 UTC and US jobless claims at 12:30 UTC (f/c 200K) could materially shift this read
  • BoE Greene (09:15 UTC) and Lombardelli (13:00 UTC) tone versus ~81% November hike pricing

05:03 UTC

Range-bound, drifting lower from Tuesday high · RSI 37 · price 1.32084

1.3190–1.3286 weekly range; tight 1.3205–1.3222 box since Wed.

GBPUSD has fully unwound Tuesday's London-session push to the 1.3286 week high. Wednesday's London selloff, driven by surging US yields and a firm USD, took price back to the 1.3190 week low area for a third test this week. Since then price has compressed between the 1.3205 range low and the 1.3222 range top, below EMA(20) near 1.3217 and EMA(50) near 1.3227, and has not reclaimed the 23.6% level of the Tue-Wed drop near 1.3215, with RSI(14) around 37 and ATR contracting to about 10 pips.

Support: 1.3205, 1.3200, 1.3190

Resistance: 1.3222, 1.3239, 1.3286

What it said to watch

  • H1 close below the 1.3200 psych level and the 1.3190 week low breaks a range floor tested three times this week
  • H1 close above the 1.3222 range top and EMA(20) reopens the 1.3239 weekly open
  • Rejection below the Tue-Wed drop fib keeps the 1.3286 week high out of reach
  • Fed's Waller at 08:30 UTC and US jobless claims at 12:30 UTC (f/c 200K), alongside BoE Greene and Lombardelli, could materially shift this read

04:02 UTC

Range, short-term lower highs · RSI 42 · price 1.32131

1.3190–1.3286 weekly range; price in lower third, capped by EMA20.

Tuesday's London-led push to the 1.3286 week high was fully unwound Wednesday as the US bond selloff resumed. The NY session printed a third test of the 1.3190 week low before buyers stepped in, and the bounce stalled near 1.3224, just short of the 38.2% retracement of Wednesday's decline. Asia has since compressed just under the ema20 (~1.3220) and the 1.3239 weekly open, with RSI(14) in the low 40s, while the 1.3200 round number marks the range floor and dips below it have been rejected each time this week.

Support: 1.3200, 1.3190

Resistance: 1.3220, 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 base
  • Reclaim of the ema20 and the 1.3239 weekly open would shift the read back to mid-range
  • Failure at the 38.2% of Wednesday's decline (~1.3229) keeps the lower-high sequence intact below the 1.3286 week high
  • Fed's Waller (08:30 UTC) and US jobless claims (12:30 UTC) could test the 1.3200 round number
  • BoE's Greene (09:15 UTC) and Lombardelli (13:00 UTC) could materially shift this read

03:03 UTC

Range-bound, momentum turned lower midweek · RSI 38 · price 1.32131

False break of range top reversed to range floor; tight consolidation.

Tuesday's London-session rally on BoE Mann's embedded-inflation warning printed the 1.3286 week high. Wednesday fully reversed it as the US bond selloff resumed, leaving a false break of the range top and a slide back to the 1.3190–1.3200 range floor by the NY open. The 1.3190 week low has now held on three tests since Monday's Asia session. Price is compressing in a 16-pip consolidation below EMA(20) at 1.3219 and the 1.3239 weekly open, with RSI(14) near 38 and ATR(14) contracting to about 10 pips.

Support: 1.3200, 1.3190

Resistance: 1.3219, 1.3239, 1.3286

What it said to watch

  • H1 close below the 1.3190 week low breaks the ten-session range floor, exposing 1.3180 and 1.3140
  • Close above the 1.3224 consolidation cap and EMA(20) reopens the 1.3239 weekly open and the 38.2% fib of Wednesday's decline near 1.3229
  • Recovery through the 1.3286 week high would negate the false-break read
  • Fed's Waller (08:30 UTC), US jobless claims (12:30 UTC, f/c 200K) and BoE's Greene and Lombardelli today could materially shift this read

02:02 UTC

Range-bound, short-term lower highs · RSI 50 · price 1.32185

1.3190–1.3286 range, price back near the floor.

Since the 1.3239 weekly open, price has rotated inside a 1.3190–1.3286 range. Tuesday's London rally to the 1.3286 week high on Mann's embedded-inflation remarks was fully unwound in Wednesday's sell-off, which ran from London open into the NY open as the 5.30% 10y auction and hawkish FOMC minutes lifted the dollar. That drop met rejection at the 1.3190 week low for a third time this week, and the bounce has stalled near 1.3221 at EMA(20), under a line of lower highs; RSI(14) is back near 50 and price is holding just above the 1.3200 range floor.

Support: 1.3200, 1.3190

Resistance: 1.3221, 1.3239, 1.3286

What it said to watch

  • H1 close below the 1.3190 week low breaks the range floor; 1.3180 and 1.3140 are the next reference levels below
  • Close above 1.3221 ema20 and the 1.3239 weekly open would break the lower highs line and neutralise Wednesday's sell-off structure
  • Waller (08:30 UTC) and US jobless claims (12:30 UTC) could materially shift this read via US yields
  • BoE's Greene (09:15 UTC) and Lombardelli (13:00 UTC) are the GBP-side risk to the 1.3200 range floor

01:02 UTC

Range-bound, short-term lower highs · RSI 44 · price 1.32078

1.3190-1.3286 weekly range; Wednesday's lower highs pressing price toward the floor.

GBPUSD has traded inside 1.3190-1.3286 all week. Tuesday's London-led push to the week high fully reversed on Wednesday as US yields jumped on the weak 10y auction and hawkish FOMC minutes, and the London-into-NY selloff stalled at 1.3193. That was the third test of the 1.3190-1.3200 range floor after Monday's Asia dip to the 1.3190 week low. Price is now compressing below EMA(20) near 1.3220 and under the lower highs line from Tuesday's peak, with RSI(14) at 44, well below the 1.3239 weekly open.

Support: 1.3200, 1.3190

Resistance: 1.3220, 1.3239, 1.3286

What it said to watch

  • H1 close below the 1.3190 week low breaks the range floor and confirms a lower low, with 1.3140 the next major support in the digest
  • Recovery above EMA(20) and the lower highs line brings the 38.2% of the wed decline fib (~1.3229) and the 1.3239 weekly open into view
  • A close above the 1.3286 week high ends the range read
  • Fed's Waller (08:30 UTC), BoE's Greene (09:15 UTC) and US jobless claims (12:30 UTC) today could materially shift this read

00:02 UTC

Range-bound, downside momentum fading · RSI 44 · price 1.32137

1.3190-1.3286 weekly range; Tuesday's push above range top fully reversed.

Tuesday's London-led rally to the 1.3286 week high failed. Wednesday unwound all of it, with selling building through Asia and accelerating from London open as US yields climbed, tagging 1.3193 just above Monday's 1.3190 week low and testing the 1.3200 range floor. The bounce stalled at 1.3224 under the 38.2% fib of that decline. Price is now compressing 1.3210-1.3220 just below EMA(20) near 1.3222, with RSI(14) around 44 and ATR narrowing into the Asia session.

Support: 1.3200, 1.3190

Resistance: 1.3222, 1.3239

What it said to watch

  • H1 close below the 1.3190 week low breaks the range floor that has held since Monday
  • Reclaim of EMA(20) and the 38.2% fib near 1.3229 would shift focus back to the 1.3239 weekly open
  • Rejection at the weekly open or the 50% fib keeps the lower-high sequence from the week high intact
  • Fed's Waller 08:30 UTC, BoE's Greene 09:15 UTC and US jobless claims 12:30 UTC could materially shift this read

All markets that day · Today’s GBP/USD Live Scan in the terminal