Tight 1.3270–1.3286 band below ema50 after London-NY selloff.
Cable fell about 80 pips from the 1.3346 London open high to a 1.3266 NY low as the hot US CPI and Fed-hike repricing kept USD bid. Price has since compressed below ema50 at 1.3286, the band top, and the Asia session high at 1.3282 has capped so far. A thin rollover dip swept the NY low to 1.3261 and recovered back above ema20 at 1.3276. RSI(14) is neutral at 51.1 and ATR is 5.2 pips, holding below the 23.6% fib of the London-NY drop.
Support: 1.32761, 1.32662, 1.32613
Resistance: 1.32824, 1.32863, 1.3300
What it said to watch
M15 close back below ema20 at 1.3276 and the 1.3266 ny low reopens the 1.3261 sweep low
Close above the Asia high at 1.3282 and ema50 at 1.3286 points to a deeper retracement of the London-NY drop toward the 1.3300 psych level
UK Q3 GDP at 07:00 GMT, about 7h out, could materially shift this read
23:31 UTC
Downtrend, pausing in early Asia · RSI 50 · price 1.32767
Post-sweep bounce boxed between ema20 and ema50.
Hot US CPI and Fed-hike repricing drove a London-NY sell-off from 1.3330 to the NY low at 1.3266, and NY then held a tight 1.3270–1.3286 range. Early Asia swept below the NY low to the 1.3261 sweep low and bounced to 1.3282, the bounce high. Price sits just above ema20 at 1.3276 and below ema50 at 1.3287, with RSI(14) back at 50 and ATR(14) near 5 pips.
Support: 1.32758, 1.32662, 1.32613
Resistance: 1.32824, 1.32866
What it said to watch
M15 close back below the ema20 and the ny low at 1.3266 puts the 1.3261 sweep low back in play
Close above the 1.3282 bounce high and the ema50 at 1.3287 (near the 38.2% sell-off fib) breaks the lower-high sequence
Acceptance under the 1.3261 sweep low extends the downtrend to fresh session lows
UK Q3 GDP at 07:00 GMT (f/c 0.7% q/q) in ~7.5h could materially shift this read
Lower highs from the 1.3355 Asian high; late sweep of the NY low reclaimed.
Hot US CPI kept the USD bid. Cable sold off through London and NY from the 1.3355 Asian high to a 1.3266 ny low. A thin post-NY dip to a 1.3261 sweep low was bought back to 1.3281, with RSI(14) recovering to 54 and ATR picking up to 5.5 pips. Price sits above the ema20 at 1.3276 but just below the 1.3286 ny high and the ema50 at 1.3287. The selloff fib 38.2% is near 1.3294.
Support: 1.32756, 1.32662, 1.32613
Resistance: 1.32864, 1.3287, 1.3300
What it said to watch
M15 close above the 1.3286 ny high and ema50 at 1.3287 opens the 1.3300 round number and the selloff fib 38.2% near 1.3294
Slip back below the ema20 at 1.3276 puts the 1.3266 ny low and 1.3261 sweep low back in play
UK Q3 GDP at 07:00 GMT (q/q f/c 0.7%) could materially shift this read at London open
22:46 UTC
Downtrend, now basing near NY low · RSI 35 · price 1.32676
Lower highs from London; tight 1.3270–1.3286 range after the NY sell-off.
Cable extended its slide on the hot-CPI, hawkish-Fed dollar bid. It lost the 1.3300 psych level and printed a 1.3266 NY low before compressing into a 1.3270–1.3286 range. After NY close, the thin rollover bar swept that NY low to 1.3261 and closed back above it; price sits under both EMAs with RSI(14) at 35.3 and ATR(14) at 4.9 pips.
Support: 1.32662, 1.32613
Resistance: 1.32752, 1.32864, 1.3300
What it said to watch
M15 close below the 1.3261 sweep low confirms a lower-low and extends the NY sell-off leg
Hold above ema20 at 1.3275 and a break of the 1.3286 range high would mark the range as a base rather than a pause
Reclaim of the 1.3300 psych level would undo the NY breakdown
UK Q3 GDP Thu 07:00 UTC (f/c 0.7% QoQ) could materially shift this read; a miss erodes BoE hike support
US jobless claims and Fed-speak slate Thu 13:30 UTC onward keep USD-driven volatility in play
Lower highs inside 1.3266–1.3286 box after London/NY selloff.
GBP/USD fell through London and NY on the Fed-hike-fuelled dollar bid, losing 1.3300 for a 1.3266 session low before stalling into a 1.3266–1.3286 box. Price sits below a falling ema20 (1.3276) and ema50, with lower highs at the 1.3286 NY high and 1.3280. The 1.3270 range floor has held through the rollover dip as ATR compresses to 4.3 pips.
Support: 1.3270, 1.32662
Resistance: 1.32759, 1.3280, 1.32864
What it said to watch
M15 close below the 1.3266 session low resumes the downtrend
Close above the 1.3280 lower high and the descending trendline breaks the lower-highs sequence; the 1.3286 NY high is next
Loss of the 1.3270 range floor in the Asia session exposes the session low
UK Q3 GDP Thu 07:00 UTC at London open could materially shift this read; US claims and Fedspeak follow in NY
Post-NY tight range under falling EMAs, lower highs.
Cable lost the London base near 1.3307 early in NY and bottomed at the 1.32662 NY low, the dollar leg driven by hawkish Fedspeak and US 10y at 5%. Since then price has been boxed between the 1.32711 evening low and the 1.32864 bounce high. It sits below a falling ema20 at 1.32763, with lower highs since the bounce high, ATR(14) compressed to 4.2 pips and RSI(14) at 31.8, just above oversold.
Support: 1.32711, 1.32662
Resistance: 1.32763, 1.32864, 1.32892
What it said to watch
M15 close below the 1.32662 NY low confirms a fresh lower-low and extends the downtrend
Reclaim of ema20 at 1.32763 followed by a close above the 1.32864 bounce high and ema50 at 1.32892 breaks the lower-high sequence
Loss of the 1.32711 evening low puts the NY low back in play
UK Q3 GDP Thu 07:00 UTC (QoQ f/c 0.7%) could materially shift this read; Fedspeak follows later Thursday
Post-NY tight range below ema20, lower highs since the bounce.
London broke the Asian range low near 1.3332, and NY extended the slide to a 1.3266 session low as hawkish Fedspeak and 5% US 10y yields lifted USD. Since then price has compressed between late lows at 1.3270 and the 1.3286 bounce high. It is capped under ema20 at 1.3277 with lower highs, while ATR has eased to 4.1 pips.
Support: 1.3270, 1.32662
Resistance: 1.3277, 1.32864, 1.3300
What it said to watch
M15 close above the 1.3286 bounce high breaks the lower-highs line and exposes ema50 at 1.3290, then 1.3300 psych
Failure to hold the 1.3270 late low opens a retest of the 1.3266 session low
UK Q3 GDP at 07:00 UTC, at the London open, could materially shift this read
21:46 UTC
Downtrend, momentum fading into late NY · RSI 38 · price 1.3274
Lower highs below ema20; tight base above 1.3266 session low.
London broke the Asian range low near 1.3332 and the selloff ran through NY to a 1.3266 session low as hawkish Fedspeak and 5% US 10y yields lifted USD. Since then price has based between the session low and the 1.3286 rebound high, holding under ema20 (1.3277) and ema50 (1.3291) with lower highs and ATR compressed to 4.3 pips; the late low at 1.3271 is the nearest floor.
Support: 1.32711, 1.32662
Resistance: 1.32774, 1.32864, 1.3300
What it said to watch
M15 close above the 1.3286 rebound high and ema50 at 1.3291 breaks the lower-highs sequence and exposes psych 1.3300
Loss of the 1.3271 late low puts the 1.3266 session low back in play
UK Q3 GDP Thu 07:00 UTC (London open) could materially shift this read
21:31 UTC
Downtrend, consolidating late NY · RSI 35 · price 1.32724
Lower-high range 1.3270–1.3286 under the 1.3266 day low.
The Asian range top at 1.3355 gave way through London, and the NY break of 1.3300 psych extended to a 1.3266 day low as the post-CPI USD bid and hawkish Fedspeak dominated. Since the NY low, price has held a range under 1.3286. Highs are stepping lower toward the range low at 1.3271, still below the ema20 at 1.3278, with ATR compressed to 4.5 pips and RSI at 34.5.
Support: 1.3271, 1.32662
Resistance: 1.32778, 1.32864, 1.3300
What it said to watch
M15 close below the 1.3271 range low exposes the 1.3266 day low
A reclaim of the ema20 at 1.3278 and the 1.3286 range high breaks the lower-high trendline
1.3291 (38.2% fib, near ema50) and 1.3300 psych cap any recovery
UK Q3 GDP Thu 07:00 UTC, early London, could materially shift this read
21:16 UTC
Downtrend, momentum fading into late session · RSI 34 · price 1.32714
Post-selloff consolidation 1.3266–1.3286 with lower highs, below both EMAs.
GBP/USD sold off from the 1.3355 Asian high through London and NY as the Fed-driven USD bid pushed it below the 1.3300 round number, bottoming at the 1.3266 day low mid-NY. Since then it has held a tight consolidation under the ema20, capped by the 1.3286 range top with lower highs, and ATR has compressed to 4.6 pips. Late-session drift is pressing the 1.3270 swing low with RSI(14) at 34.1.
Support: 1.3270, 1.32662
Resistance: 1.32784, 1.32864, 1.3300
What it said to watch
M15 close below the 1.3266 day low extends the selloff and resumes the downtrend leg
Close above the 1.3286 range top breaks the lower-highs line and exposes the 1.3300 round number
Holding the 1.3270 swing low keeps the consolidation intact below the ema20
UK Q3 GDP Thu 07:00 UTC could materially shift this read
21:01 UTC
Downtrend, pausing in a tight base · RSI 37 · price 1.32742
Lower highs from the Asian high; post-NY consolidation 1.3266–1.3286.
GBPUSD sold off from the 1.3355 Asian high through London and broke below 1.3300 in early NY, as hot US CPI and hawkish Fedspeak lifted USD. Since the 1.3266 session low, price has held a narrow base between the 1.3270 range low and the 1.3280 range top, with ema20 (1.3279) capping. ATR has compressed to 4.7 pips, RSI(14) is at 36.8, and the bounce high at 1.3286 marks the latest lower high.
Support: 1.3270, 1.32662
Resistance: 1.3280, 1.32864, 1.32931
What it said to watch
M15 close below the 1.3270 range low and the 1.3266 session low resumes the downtrend
Close above the 1.3280 range top and the 1.3286 bounce high breaks the lower-highs line
Reclaim of ema50 at 1.3293 would shift structure toward a deeper retrace into the 1.3300 fib 38.2%
Thin post-NY liquidity; UK Q3 GDP at 07:00 UTC Thursday could reset the read
20:46 UTC
Downtrend, compressing after NY low · RSI 41 · price 1.32766
Tightening range 1.3266–1.3286 below broken 1.3300.
London sold through the Asian range and NY broke 1.3300 as the dollar extended on hawkish Fed rhetoric and 5% US 10y yields, printing a 1.3266 session low. Since then the late-NY tape has built higher lows at 1.3270/1.3272 under a 1.3286 range top, with price just below the ema20 at 1.3280, RSI(14) off its 30 lows at 40.9 and ATR compressing to 4.8 pips.
Support: 1.32719, 1.32662
Resistance: 1.32796, 1.32864, 1.3300
What it said to watch
M15 close above the 1.3286 range top breaks the lower-high sequence; 1.3300 psych is the next cap
Close below the 1.3272 higher low exposes the 1.3266 session low and resumes the downtrend
UK Q3 GDP Thu 07:00 UTC could materially shift this read
Lower highs from 1.3330, now a tight 1.3270–1.3286 range above the day low.
The dollar bid after the hot US CPI print drove a London-NY selloff through 1.3300 psych to a day low at 1.32662. Since then price has compressed between the range low near 1.3272 and the range top at 1.32864, just under a flattening ema20 at 1.32798. ATR(14) has shrunk to 5 pips and RSI(14) has recovered to 42 from the low 30s, while the falling EMA50 at 1.32945 and the selloff fib 38.2% near 1.3291 cap the area above the range.
Support: 1.3272, 1.32662
Resistance: 1.32798, 1.32864, 1.3300
What it said to watch
M15 close above the 1.32864 range top brings the selloff fib 38.2–50% zone (1.3291–1.3298) and the 1.3300 psych level into play
Loss of the 1.3272 range low exposes the 1.32662 day low; a break there resumes the lower-low sequence
ATR at 5 pips into the Asia session suggests continued compression until a range break
UK Q3 GDP at 07:00 UTC Thu could break the range at London open
Lower highs from London; tight band above the NY session low with higher lows.
London broke below the 1.3342–1.3355 Asian range. NY extended the slide to a 1.3266 session low as hot US CPI repricing kept USD bid. Late NY has compressed into a 1.3270–1.3286 band just under the ema20 at 1.3280, with a higher low at 1.3272, RSI(14) recovering to 42.5 from the low 30s and ATR(14) easing to 5.1 pips.
Support: 1.3272, 1.32662
Resistance: 1.32799, 1.32864, 1.32951
What it said to watch
M15 close above the 1.3286 bounce high and the ema20 exposes the ema50 at 1.3295 and the lower-highs line
Break of the 1.3272 higher low and 1.3266 session low resumes the downtrend
UK Q3 GDP Thu 07:00 UTC (f/c 0.7% q/q) could materially shift this read at London open
20:01 UTC
Downtrend, pausing in late NY · RSI 41 · price 1.32785
Lower highs and lows into 1.3266, then a tight 20-pip range.
London broke below the Asian range low near 1.3332, and the NY selloff extended the slide to a 1.3266 session low as the dollar stayed bid on post-CPI 50bp Fed talk. Since then price has compressed between 1.3266 and the 1.3286 range top, holding just under the ema20 with a swing low at 1.3272. ATR(14) has eased to 5.4 pips and RSI(14) has recovered to 41.
Support: 1.32719, 1.32662
Resistance: 1.32801, 1.32864, 1.32958
What it said to watch
M15 close above the 1.3286 range top, with ema50 at 1.3296 the next cap, would break the range
Loss of the 1.3272 swing low, then the 1.3266 session low, would resume the lower-low sequence
Price is pressing the ema20 at 1.3280; repeated rejection there keeps the range intact
UK Q3 GDP Thu 07:00 UTC (f/c 0.7% q/q) could materially shift this read
19:46 UTC
Downtrend, pausing after NY low · RSI 42 · price 1.3278
Tight post-selloff consolidation with rising lows.
London broke below the 1.3332–1.3355 Asian range, and NY extended the slide to a 1.3266 session low as the post-CPI dollar bid held. Since then price has held a tight 1.3266–1.3286 consolidation with rising lows, sitting just under the ema20 at 1.3280. RSI(14) has recovered to 41.5 from 15, and ATR is compressing to 5.5 pips.
Support: 1.32719, 1.32662
Resistance: 1.32804, 1.32864, 1.32966
What it said to watch
An M15 close above the 1.3286 range high and the ema20 breaks the consolidation, with the ema50 at 1.3297 the next cap
A break of the 1.3272 swing low and rising lows trendline, then the 1.3266 session low, resumes the downtrend
UK Q3 GDP on Thu 07:00 UTC could materially shift this read
19:31 UTC
Downtrend, consolidating after NY low · RSI 40 · price 1.32761
Lower highs from London; tight post-low range 1.3270–1.3286.
GBPUSD left the Asian range at 1.3342–1.3355 early in London and broke the 1.3300 psych level in the first hours of NY. Hot US CPI and dollar strength drove the move to a 1.3266 session low, with RSI(14) washed out near 15. Since then price has held a 1.3270–1.3286 range under a falling ema20. The bounce stalled near the 23.6–38.2% zone of the selloff fib, ATR is compressing to 5.6 pips and the lower-highs line stays intact.
Support: 1.3270, 1.32662
Resistance: 1.32806, 1.32864, 1.3300
What it said to watch
M15 close above the 1.3286 range high and ema20 breaks the consolidation upward toward 1.3300 psych
Failure to hold the 1.3270 range low exposes the 1.3266 session low and extends the lower-low chain
A move through the lower-highs trendline and the 38.2% selloff fib would neutralise the intraday downtrend read
UK Q3 GDP at 07:00 UTC Thu could reset the range; a soft print fits the digest's GBP-negative scenario
Lower highs all day; tight 1.3266–1.3286 base under ema20.
London broke the Asian range low near 1.3332 and NY extended the slide to a 1.32662 NY low as the hot-CPI dollar bid persisted. The bounce stalled at the 1.32864 bounce high, inside the 23.6–38.2% fib of the London-NY leg, and price has since compressed above the 1.3270 swing low and below the ema20 at 1.3281. RSI(14) has recovered from 15 to 33 and ATR is down to 5.7 pips in late NY.
Support: 1.3270, 1.32662
Resistance: 1.3281, 1.32864, 1.3300
What it said to watch
M15 close below the 1.32662 NY low resumes the lower-low chain
Close above the ema20 and 1.32864 bounce high opens a retest of the 1.3300 round number, with ema50 at 1.32982
Loss of the 1.3270 swing low puts the NY low straight back in play
UK Q3 GDP Thu 07:00 UTC (f/c 0.7% q/q) could reset the Asian range and this read
GBPUSD broke the Asian range low near 1.3332 in London, then lost the 1.3300 round number in NY. That leg ran to a session low at 1.3266 as the dollar extended its post-CPI rally. Since then, late in the NY session, price has held a ~20-pip range below ema20, with lower highs from the 1.3286 bounce high and a swing low at 1.3270. RSI(14) has recovered to 35 from sub-20 and ATR has compressed to 5.8 pips.
Support: 1.3270, 1.32662
Resistance: 1.32818, 1.32864, 1.3300
What it said to watch
Break of the 1.3266 session low resumes the downtrend
M15 close above the lower-highs line, the 1.3286 bounce high and ema20 negates the consolidation-below-ema20 read
Reclaim of the 1.3300 round number would mark the NY breakdown as a failure
UK Q3 GDP Thu 07:00 UTC (f/c 0.7% q/q) could materially shift this read; US jobless claims 13:30 UTC follow
Post-NY selloff consolidation 1.3266–1.3286 beneath a falling ema20.
Hot US CPI and Waller's 50bp talk kept USD bid. After the Asian high at 1.3355 was rejected, London broke the Asian range low and NY extended to a 1.3266 day low with RSI(14) at 15. Late NY session is now a tight consolidation between the 1.3270 swing low and a 1.3286 range top, capped by the ema20 at 1.32825 and barely retracing a quarter of the day's selloff (selloff fib), with ATR(14) compressing to 6 pips.
Support: 1.3270, 1.32662
Resistance: 1.32825, 1.32864, 1.3300
What it said to watch
M15 close below the 1.3266 day low resumes the downtrend leg
Close above the 1.3286 range top and ema20 opens a retest of the 1.3300 psych level near ema50
UK Q3 GDP Thu 07:00 GMT (QoQ f/c 0.7%) could materially shift this read at London open
18:31 UTC
Downtrend, compressing after NY low · RSI 38 · price 1.32781
Post-selloff range 1.3266–1.3286 below ema20, higher low at 1.3270.
GBP/USD lost the Asian range low near 1.3332 at London open and slid through 1.3300 to a 1.3266 NY low, extending the hot-CPI dollar bid. After London close price is compressing below the ema20 with a higher low at 1.3270. RSI(14) has recovered to 37.7 from sub-20 oversold, and ATR(14) has eased to 6.2 pips.
Support: 1.3270, 1.32662
Resistance: 1.32832, 1.32864, 1.3300
What it said to watch
M15 close above the 1.3286 bounce high and the descending highs line breaks the post-selloff compression
Failure to hold the 1.3270 higher low reopens the 1.3266 NY low
1.3300 round number is the breakdown level overhead if the ema20 gives way
UK Q3 GDP Thu 07:00 GMT (f/c 0.7% QoQ) could materially shift this read
18:16 UTC
Downtrend, pausing late NY · RSI 36 · price 1.32773
Lower highs from Asia high; tight post-low consolidation 1.3270–1.3286.
Hot US CPI and Waller's 50bp talk drove a London-to-NY slide from the 1.3355 Asia high through the 1.3300 round number to a 1.3266 NY low. RSI(14) bottomed at 15.2 there. Late in the NY session price is consolidating between a 1.3270 higher low and the 1.3286 range top, capped just under the ema20 at 1.3284, with ATR(14) easing to 6.5 pips.
Support: 1.3270, 1.32662
Resistance: 1.32837, 1.32864, 1.3300
What it said to watch
M15 close above the 1.3286 range top and ema20 reopens the 1.3300 round number
Failure to hold the 1.3270 higher low exposes the 1.3266 ny low and resumes the downtrend
UK Q3 GDP Thu 07:00 GMT (f/c 0.7% QoQ) could materially shift this read
London-NY selloff from 1.3330 to a 1.3266 session low, then a tight 1.3266–1.3286 consolidation capped near the ema20.
Cable sold off through London and NY on the Fed-driven USD bid after the hot US CPI print, breaking below 1.3300 to a 1.3266 session low. The NY bounce stalled at the 1.3286 range top just above the ema20. Late NY price is pressing the 1.3270 higher low, with RSI(14) at 32.7 after clearing oversold and ATR(14) compressing to 6.6 pips. The bounce retraced only about a third of the selloff.
Support: 1.3270, 1.32662
Resistance: 1.32844, 1.32864, 1.3300
What it said to watch
M15 close below the 1.3266 session low resumes the downtrend leg.
Failure to hold the 1.3270 higher low puts the consolidation floor under pressure.
Close above the 1.3286 range top and the ema20 breaks the consolidation; the 1.3300 psych level is next overhead.
Thu 07:00 GMT UK GDP (f/c 0.7% q/q), US claims and Fed speakers later Thursday could materially shift this read.
Lower highs from London; post-NY-low range 1.3266–1.3286 below EMA20.
Cable rejected near 1.3355 in the Asian session and kept making lower highs from the 1.3330 London high. It broke the 1.3300 round number in early NY as the hot US CPI and Waller's 50bp talk lifted the USD. RSI(14) has rebuilt from 15 to 33.5 off the 1.3266 NY low, but late-NY price is compressing under the range top near EMA20, with a fresh swing low at 1.3270.
Support: 1.3270, 1.32662
Resistance: 1.32864, 1.3300, 1.33301
What it said to watch
M15 close above the 1.3286 range top and EMA20 opens a retest of the 1.3300 round number and the 38.2% fib of the London-NY drop
Break below the 1.3266 NY low resumes the downtrend; holding the 1.3270 swing low keeps the consolidation intact
Lower-highs trendline from the 1.3330 London high caps the bounce; a reclaim changes the intraday read
UK GDP Thu 07:00 GMT (f/c 0.7% q/q) and Thursday's Fed speakers could materially shift this read
Lower highs from the Asian 1.3355 peak; NY low 1.3266, bounce capped at the ema20.
Cable gave up the Asian bounce from the London open and broke through 1.3300 psych in NY hours, hitting a session low at 1.3266 as the hot US CPI and Waller's 50bp talk kept the dollar bid. The rebound stalled at 1.3286, at the ema20 and about the 38.2% fib of the NY leg. After London close price is drifting back toward the 1.3270 swing low, with RSI(14) at 32 after bottoming near 15 and ATR(14) at 7 pips.
Support: 1.3270, 1.32662
Resistance: 1.32863, 1.3300, 1.33054
What it said to watch
Failure to hold the 1.3266 session low extends the lower-low sequence
An M15 close above the ema20 near 1.3286 breaks the bounce-high cap and puts 1.3300 psych and the ema50 at 1.3305 back in view
UK Q3 GDP Thu 07:00 GMT (f/c 0.7% q/q) could materially shift this read
Fed speakers and US claims Thursday; a 50bp endorsement would reinforce the dollar leg
17:16 UTC
Downtrend, consolidating below EMAs · RSI 30 · price 1.32713
Post-breakdown range 1.3266–1.3286 after lower lows through London and NY.
Cable broke below the Asian range low in London, then extended in the first hours of NY to a 1.32662 ny low as the hot US CPI and Fed 50bp talk kept USD bid. The after-London-close bounce retraced under a quarter of the asia-ny drop, stalled at the 1.32864 range top just under ema20 (1.32876), and price is now back near the range floor with RSI(14) at 30.4 after an earlier sub-16 reading.
Support: 1.32662, 1.3250
Resistance: 1.32864, 1.33071
What it said to watch
M15 close below the 1.32662 ny low resumes the lower-low sequence and puts the 1.3250 psych level in view
Close above the 1.32864 range top and ema20 opens a retest of the 1.33071 london low / ema50 area
ATR(14) at 7 pips: late-NY ranges are compressing, so a break needs follow-through to count
Fed speakers Thu and UK GDP Thu 07:00 GMT could materially shift this read
17:01 UTC
Downtrend, pausing after NY low · RSI 34 · price 1.32782
Lower highs from London; tight post-low range 1.3275–1.3286.
Cable broke the Asian range low during London and lost the 1.3300 round number in the first NY hours, reaching a 1.3266 session low as the hot-CPI and Waller-driven USD bid extended. RSI(14) has recovered from 15 to 34, and price is now holding a tight 1.3275–1.3286 range after London close. The range top sits just under the ema20 at 1.3289, and the descending trendline from the 1.3330 London high is still intact.
Support: 1.3275, 1.3266
Resistance: 1.3286, 1.3300, 1.3307
What it said to watch
M15 close above the 1.3286 range top and 1.3289 ema20 would test the descending trendline and the 1.3300 round number
Break below the 1.3275 range low exposes the 1.3266 session low
London low at 1.3307, near the ema50 at 1.3308, is the cap above 1.3300; it sits near the 61.8% fib of the London-NY leg
UK GDP Thu 07:00 GMT and US jobless claims later Thursday could materially shift this read
Lower highs from London open; tight range above the NY session low.
Cable broke below the Asian range low near 1.3332 at London open. It then printed lower highs into a session low at 1.3266 in the first hours of NY, as the hot-CPI and Waller-driven USD bid extended, and RSI(14) bottomed at 15.2 before snapping back. Price now coils between the 1.3275 higher low and the 1.3285 bounce high, still under the ema20 at 1.3291, where the descending trendline and the 38.2% fib of the London-NY drop converge.
Support: 1.32749, 1.32662
Resistance: 1.32853, 1.32911, 1.3300
What it said to watch
An M15 close above the ema20 and 38.2% fib near 1.3291 breaks the lower-high sequence, with the 1.3300 round number just above.
Failure at the 1.3285 bounce high, followed by a loss of the 1.3275 higher low, exposes the 1.3266 session low; a break there resumes the downtrend.
UK GDP (Thu 07:00 GMT) and US jobless claims later Thursday could materially shift this read.
Lower highs from the Asian high; tight 1.3275–1.3285 base under ema20.
Cable failed at the Asian high near 1.3355, then broke 1.3300 psych during London and the early NY session on the hot US CPI and Waller-driven Fed repricing. It reached a 1.3266 session low with RSI(14) down at 15. The rebound stalled at 1.3285, the 38.2% of the NY selloff fib, and price is now holding a 10-pip base above the 1.3275 swing low after London close, still under a falling ema20 at 1.3292.
Support: 1.32749, 1.32662
Resistance: 1.32853, 1.32918, 1.3300
What it said to watch
M15 close above the 1.3285 rebound high and ema20 at 1.3292 would turn the pause into a retest of 1.3300 psych and the falling trendline
Failure to hold the 1.3275 swing low exposes the 1.3266 session low, and a break there resumes the lower-low sequence
UK Q3 GDP Thu 07:00 GMT (f/c 0.7% q/q) could materially shift this read; US jobless claims follow at 13:30 UTC
Lower highs from Asia high 1.3355; NY base at 1.3266, tight 1.3275–1.3285 consolidation.
Cable broke 1.3300 in London and extended in the first hours of NY on the hot-CPI and Fed-hike USD bid. RSI(14) bottomed near 15 at the 1.3266 session low before a bounce to 1.3285. After London close, price is coiling between the 1.3275 micro low and the bounce high, below the ema20 at 1.3293 and under the lower-high trendline. The 38.2% of the drop fib sits near 1.3297, just under the round number.
Support: 1.32749, 1.32662
Resistance: 1.32853, 1.32929, 1.3300
What it said to watch
Close above the 1.3285 bounce high exposes the ema20 at 1.3293 and the 1.3300 round number, where the drop fib 38.2% sits
Close above 1.3300 breaks the lower-high trendline and the intraday lower-high sequence
Loss of the 1.3275 micro low puts the 1.3266 session low back in play; a break resumes the downtrend
UK GDP Thu 07:00 GMT (f/c 0.7% q/q) could materially shift this read
Lower highs and lows from the Asian range through NY; early base at 1.3266.
London broke below the 1.3332–1.3355 Asian range, and the post-CPI USD bid pushed cable through 1.3300 in the first hours of NY. The drop ran to a 1.3266 day low, where three bars held the level before a sharp rejection candle, and RSI(14) recovered to 31.5 from 15.2. The bounce is fading below the 1.3285 bounce high, holding a 1.3277 pullback low, with price under both EMAs and the ema20 at 1.3294.
Support: 1.32771, 1.32662
Resistance: 1.32853, 1.32941, 1.3300
What it said to watch
M15 close above the 1.3285 bounce high exposes the ema20 at 1.3294 and the 1.3300 psych level, which sits at the 50% retracement of the NY selloff
Failure to hold the 1.3277 pullback low puts the 1.3266 day low back in play; a break resumes the lower-low chain
ATR(14) at 7.6 pips has expanded from about 5.7 during the selloff; intraday swings are running wider
Thu 07:00 UTC UK Q3 GDP and the Thursday Fed speakers (Williams, Daly) could materially shift this read
Lower highs since London open, 1.3300 floor broken.
The post-CPI USD bid carried through London and NY. Cable lost the 1.3300 floor after 13:00 UTC and slid to a 1.3266 session low, with RSI(14) bottoming at 15.2 before a 17-pip bounce that is holding a 1.3280 bounce low. Price sits below the ema20 at 1.3296 and the broken floor, and the lower-highs line from the London open still caps.
Support: 1.32797, 1.32662
Resistance: 1.32957, 1.3300
What it said to watch
M15 close back above the 1.3300 broken floor and the ema20 would mark the drop as a false break
Break of the 1.3266 session low resumes the lower-low sequence; ATR 7.7 pips has expanded on the selloff
Loss of the 1.3280 bounce low puts the session low back in play
Clearing the 50% fib of the 1.3330 drop near 1.3298 lines up with the ema20/1.3300 cluster
UK Q3 GDP Thu 07:00 UTC and Thu Fed speakers could materially shift this read
15:16 UTC
Downtrend, first bounce off the lows · RSI 34 · price 1.32818
Lower highs since London open; London range broken in NY, oversold rebound now testing it.
Cable broke the 1.3307 London low early in the NY session and slid to a 1.3266 session low as post-CPI Fed-hike repricing kept USD bid. The 15:00 UTC bar then rejected the low with a 17-pip rebound, lifting RSI(14) from 15.2 to 33.6. Price still sits below the ema20 at 1.3297, which lines up with the 38.2% fib of the London-NY drop, and below the ema50 at 1.3317; ATR has expanded to 7.8 pips.
Support: 1.32662, 1.3250
Resistance: 1.3297, 1.33071, 1.33166
What it said to watch
A close back above the ema20 at 1.3297 (38.2% fib) would be the first break of the lower-high sequence
Recapture of the 1.3307 london low and the descending trendline would undo the range break, with the ema50 at 1.3317 just above
Loss of the 1.3266 session low resumes the downtrend, with the 1.3250 round number next
Fed speakers and UK Q3 GDP on Thu 07:00 UTC could materially shift this read
Lower highs and lower lows since London open; NY broke below the 1.3300 floor.
GBPUSD gave way at the 1.3300 floor in the first hour of NY. The move extended the lower-highs sequence that began at London open to a session low at 1.3266, as the post-CPI USD bid persisted. RSI(14) at 15.2 is deeply oversold, ATR has expanded to 7.1 pips, and price sits below both the ema20 (1.3298) and the ema50 (1.3318).
Support: 1.32663, 1.3250
Resistance: 1.32984, 1.33071, 1.3318
What it said to watch
The ema20 at 1.3298 sits just under the broken 1.3300 and near the 50% retracement of the NY leg, an area to watch for rejection on any bounce
An M15 close back above the London low at 1.3307 would turn the break into a false break
Failure to hold the session low at 1.3266 opens the 1.3250 round number
The ema50 at 1.3318 and the lower highs line cap a deeper rebound; a close above both invalidates the intraday downtrend read
UK Q3 GDP Thu 07:00 UTC (f/c 0.7% q/q) could materially shift this read
Lower highs and lower lows since London open; 1.3300 floor broken in first hour of NY.
London broke below the Asian range low (1.3332), and the NY open cracked the 1.3307–1.3315 shelf and the 1.3300 broken floor, printing a session low at 1.3268 as the post-CPI USD bid held. RSI(14) at 15.5 is deeply oversold and ATR has expanded to 7.2 pips. 1.3300 lines up with the 50% fib of the 1.3330 swing high to session low leg, just under the 1.3302 EMA20.
Support: 1.32676, 1.3250
Resistance: 1.3300, 1.3315, 1.3330
What it said to watch
M15 close back above the 1.3300 broken floor would mark the break as a false break
Failure to hold the 1.3268 session low extends the lower-low chain toward the 1.3250 round number
Recovery through the 1.3315 shelf top and the 1.3330 swing high invalidates the intraday downtrend read
RSI(14) at 15.5 is at an extreme where intraday snapbacks toward the 50% fib are common
US Fed speakers and UK Q3 GDP (Thu 07:00 UTC) could materially shift this read
14:31 UTC
Downtrend, oversold and extended · RSI 16 · price 1.32713
Lower highs and lower lows since London open; 1.3300 floor broken.
The hot-CPI USD bid pushed GBP/USD through the psych 1.3300 floor into the NY open. It printed a 1.3269 session low, with RSI(14) deeply oversold at 16.3 and ATR(14) expanding to 7.2 pips. Price sits below both EMAs and under a falling highs line from the 1.3346 post-London-open high, with the ema20 near 1.3305 as the first overhead reference.
Support: 1.32691, 1.3250
Resistance: 1.3300, 1.33048, 1.33142
What it said to watch
An M15 close back above psych 1.3300 would turn the break into a false break
A move below the 1.3269 session low extends the lower-low chain toward the 1.3250 round number
With RSI at 16.3, a bounce that stalls below the ema20 or the 1.3314 London range base keeps the falling highs intact
Thu Fed speakers and UK Q3 GDP at 07:00 UTC could materially shift this read
14:16 UTC
Downtrend, oversold after NY break · RSI 18 · price 1.32786
Lower highs since London open, 1.3300 floor broken.
The 1.3300 floor broke in the first hour of NY, after the late-morning 1.3306–1.3315 base gave way, extending London's lower highs to a 1.3273 session low as hot CPI and 50bp Fed talk keep USD bid. RSI(14) at 17.9 is deeply oversold, ATR(14) is up to 7 pips, and price sits below both EMAs with the ema20 at 1.3308.
Support: 1.32729, 1.3250
Resistance: 1.3300, 1.33082, 1.33301
What it said to watch
A move back above the 1.3300 round number would turn the NY break into a false break
M15 close above the 1.3330 swing high breaks the lower-highs chain
Failure to hold the 1.3273 session low exposes the 1.3250 psych level
Rejection under the ema20 near 1.3308 keeps the London leg fib retracement shallow
UK Q3 GDP Thu 07:00 UTC (f/c 0.7% q/q) could materially shift this read
14:01 UTC
Downtrend, extended and oversold · RSI 20 · price 1.3278
Lower highs since London open; 1.3300 floor broken into first hour of NY.
London faded a spike to 1.3346 and printed lower highs under the trendline. The late-morning 1.3306–1.3315 range broke around NY open, taking out the 1.3300 floor flagged in the hot-CPI USD bid, and the session low is now 1.3278. RSI(14) at 19.9 is deeply oversold, ATR is ticking up to 6.6 pips, and price sits below a falling ema20 (1.3311) and ema50 (1.3326).
Support: 1.3278, 1.3250
Resistance: 1.3300, 1.3307, 1.33113
What it said to watch
Reclaim of the 1.3300 floor and the 1.3307 range low would mark the break as a false break
Rejection under 1.3300 confirms it as new resistance; the round number at 1.3250 is next below the session low
An M15 close above the trendline and ema20 near 1.3311 ends the lower-high chain
UK Q3 GDP (Thu 07:00 UTC) could materially shift this read
13:46 UTC
Downtrend, oversold · RSI 25 · price 1.32967
Lower highs since London open; 1.3300 handle broken in first hour of NY.
London sold through the Asian range (1.3332–1.3355) from a 1.3346 rejection. NY's first hour broke the 1.3307–1.3315 consolidation and the 1.3300 psych level, printing a session low at 1.3295 as the hot-CPI USD bid persists. Price is below the ema20 (1.3314) and ema50 (1.3328), with RSI(14) at 25.2, oversold, and ATR at 6.1 pips.
Support: 1.32948, 1.3290
Resistance: 1.3300, 1.33141, 1.33301
What it said to watch
M15 close back above the 1.3300 psych level would reclaim the handle and turn the break into a false break
Failure to hold the 1.3295 session low extends the lower-low chain toward the 1.3290 round number
A close above the 1.3330 lower high breaks the London lower-high trendline and invalidates the downtrend read
Thursday Fedspeak and UK Q3 GDP (07:00 UTC) are the next scheduled risks to this structure
13:31 UTC
Downtrend, extended into oversold · RSI 26 · price 1.32981
Lower highs and lower lows since the Asian high; 1.3300 handle broken.
London sold cable out of the 1.3340–1.3355 Asian range, and lower highs at 1.3330 and 1.3315 carried it through the 1.3300 round number to a session low at 1.3297 into the NY open. The hot US CPI print and Waller's 50bp talk are still underpinning USD. RSI(14) at 25.8 is oversold, price sits below both EMAs, and ATR is 6.2 pips.
Support: 1.32968
Resistance: 1.3300, 1.33154, 1.33301
What it said to watch
A M15 close back above the 1.3300 round number would mark the break below it as a false break
Recovery through the 1.3315 lower high, near the ema20 at 1.3316, breaks the descending sequence
Acceptance below the 1.3297 session low extends the lower-low chain; RSI already oversold
The 1.3330 swing high, near the ema50, caps the lower-high trendline
UK Q3 GDP Thu 07:00 UTC is the next scheduled catalyst for GBP
Lower highs and lower lows since London open, fresh session low near 1.3300.
Hot US CPI knocked GBPUSD from 1.3424 to 1.3312 yesterday. London broke below the 1.3332–1.3355 Asian range, and the first hour of NY is printing a session low at 1.3305 under a lower-highs trendline (1.3346, 1.3330, 1.3315). Price is below a falling ema20 (1.3318) and ema50 (1.3330), RSI(14) is 31.9 and just short of oversold, ATR is 5.9 pips, and the 1.3300 psych level sits 5 pips below.
Support: 1.33054, 1.3300
Resistance: 1.33154, 1.33181, 1.33302
What it said to watch
M15 close below 1.3300 psych extends the lower-low chain beyond the session low
Recovery above the 1.3315 lower high and ema20 at 1.3318 breaks the lower-highs trendline
Reclaiming the ema50 at 1.3330 neutralises the London downtrend read
UK Q3 GDP Thu 07:00 UTC could materially shift this read around 1.3300
Lower highs and lower lows since London open, basing just above 1.3300.
The post-CPI USD bid has GBPUSD stepping lower through London. The Asian range low near 1.3332 broke after the open, and lower highs from the 1.3346 london high put in a session low at 1.3307, just above the 1.3300 psych level. Price sits below a falling ema20 (1.3319) and ema50 (1.3331), while RSI(14) at 37 made a higher low against the new price low, a bullish divergence with ATR compressing to 5.7 pips.
Support: 1.33071, 1.3300
Resistance: 1.33193, 1.33301, 1.33457
What it said to watch
Close below the 1.3307 session low and the 1.3300 psych level extends the lower-low chain
Recovery of the ema20 at 1.3319 puts the 38.2% retracement of the London leg fib (~1.3322) in play
Close above the 1.3330 lower high, near the ema50, breaks the London downtrend line and the lower-high sequence
NY open USD flows are the near-term driver; UK Q3 GDP on Thu 07:00 UTC is the next scheduled GBP risk
Lower highs and lower lows since London open, below Asian range.
London broke below the 1.3332–1.3355 Asian range after a rejection at the 1.3346 london high. It printed lower highs at the 1.3330 swing high and a session low at 1.3307, just under the post-CPI low, with price below a falling ema20 at 1.3320 as hot US CPI keeps USD bid. RSI(14) bottomed at 31.6 on the new low versus 24.9 on the 08:00 UTC low, a bullish divergence, and ATR is steady near 6 pips into the London-NY transition.
Support: 1.33071, 1.3300
Resistance: 1.3320, 1.33301, 1.33457
What it said to watch
M15 close above the 1.3330 swing high breaks the lower-high chain and the descending trendline
Loss of the 1.3307 session low exposes the 1.3300 round number
A close back above the ema20 at 1.3320 would signal the downtrend is losing grip
NY open flows ahead of Thursday 07:00 UTC UK Q3 GDP could reshape the read around 1.3300
Lower highs from the 1.3355 Asian high, fresh session low at 1.3307.
GBP/USD is still under pressure from the hot US CPI print. The Asian high at 1.3355 was sold, and London has carved out lower highs down to a session low at 1.3307, just above the 1.3300 round number. Price is below the ema20 and ema50. RSI(14) at 36.5 made a higher low against the 24.9 morning reading, a mild bullish divergence with ATR near 6 pips into the London-NY transition.
Support: 1.33071, 1.3300
Resistance: 1.33207, 1.33301, 1.33554
What it said to watch
M15 close below the 1.3307 session low and the 1.3300 round number extends the lower-low chain
Reclaim of the ema20 at 1.3321 and a close above the 1.3330 lower high breaks the lower-highs trendline
Asian high at 1.3355 caps the session; only a move through it negates the intraday downtrend
US yields and Fed speak into NY hours remain the driver; UK Q3 GDP Thu 07:00 UTC could materially shift this read
Lower highs and lower lows since London open, below the Asian range.
London sold off from 1.3346, broke the Asian range low at 1.3332 and printed a lower high at 1.3330, extending the post-US CPI slide to a session low of 1.3307, just under Tuesday's 1.3312 trough. Price sits below a falling ema20 and ema50, but RSI(14) at 35.3 holds above its 24.9 reading from the 1.3315 low, a bullish divergence just above the 1.3300 round number as NY open approaches.
Support: 1.33071, 1.3300
Resistance: 1.33215, 1.33301, 1.33335
What it said to watch
M15 close above the 1.3330 lower high and the lower-high line invalidates the London leg's downtrend read
Acceptance below the 1.3307 session low and the 1.3300 round number confirms a fresh lower low
Reclaiming the ema20 at 1.3322 would point to the bullish divergence playing out
UK Q3 GDP Thu 07:00 UTC could materially shift this read
London extended the post-US CPI slide in a stepped London leg off 1.3346, taking out yesterday's 1.3312 CPI low to a session low of 1.3307. Price is below a falling ema20 (1.3323) under a lower high at 1.3330, while RSI(14) at 31.6 holds above its 24.9 trough, a mild bullish divergence into the NY open.
Support: 1.33071, 1.3300
Resistance: 1.33121, 1.33225, 1.33301
What it said to watch
M15 close below the 1.3300 round number extends the lower-low chain
Recovery back above the 1.3312 CPI low marks the break as a false break
Close above the 1.3330 lower high breaks the London trendline
UK Q3 GDP Thu 07:00 GMT could materially shift this read
11:45 UTC
Downtrend, lower highs through London · RSI 35 · price 1.33139
Lower highs and lower lows below both EMAs; Asian range broken lower.
The hot US CPI print yesterday drove the leg down to 1.3312. The overnight bounce stalled at 1.3355, and London then broke the Asian range low. Late London swept the prior low with a 1.3309 session low, while price capped below the falling ema20 and a 1.3330 lower high. RSI(14) is at 34.8, soft but not oversold.
Support: 1.33121, 1.33088, 1.3300
Resistance: 1.3324, 1.33301, 1.33354
What it said to watch
M15 close back above the 1.3330 lower high breaks the London lower-highs sequence
Acceptance below the 1.3309 session low extends the downtrend toward the 1.3300 round number
Reclaim of ema50 at 1.3335 neutralises the downtrend read
NY open flows and Fedspeak on the 50bp debate could extend USD strength into the afternoon
UK Q3 GDP Thu 07:00 GMT could materially shift this read
11:30 UTC
Downtrend, lower highs through London · RSI 34 · price 1.33117
Lower-high chain below Asian range, testing post-CPI low.
Mid-London, GBPUSD has slipped out of the 1.3332–1.3355 Asian range on a firm, CPI-driven USD. Lower highs at 1.3346, 1.3335 and 1.3330 now press the cpi low at 1.3312. Price sits below ema20 (1.3325) and ema50 (1.3336), RSI(14) is 33.9 and not yet oversold, and ATR(14) has expanded to 6.2 pips from 4.1.
Support: 1.3312, 1.3300
Resistance: 1.33251, 1.3330, 1.33363
What it said to watch
M15 close below the 1.3312 cpi low extends the lower-low sequence toward the 1.3300 round number
Recovery above the 1.3330 lower high and the falling trendline breaks the London lower-high chain
ema50 at 1.3336 caps any bounce back toward the Asian range low
UK Q3 GDP Thu 07:00 GMT could materially shift this read
London broke the Asian range low; lower highs into a 1.3314 floor.
London broke the Asian range low near 1.3332 and has printed three lows at 1.3314–1.3315, just above yesterday's post-CPI low at 1.3312. The bounce stalled at the 1.3330 lower high. Price sits below both EMAs, with RSI(14) at 36.9 making higher lows against flat price lows, a mild bullish divergence into the floor, while the USD tone stays firm after the hot CPI.
Support: 1.33139, 1.33121, 1.3300
Resistance: 1.33263, 1.3330, 1.33372
What it said to watch
M15 close below the 1.3312 CPI low exposes the 1.3300 round number
Close above ema20 at 1.3326 and the 1.3330 lower high breaks the London trendline
ema50 at 1.3337 sits just above the broken Asian low; acceptance above it neutralises the London downtrend
ATR expanding from 4.1 to 6.3 pips; NY open in ~2h may test the 1.3314 London low
UK Q3 GDP Thu 07:00 UTC (f/c 0.7% q/q); a miss risks a break of 1.3300
London broke below the Asian range and retested the post-CPI prior low near 1.3312. The session has printed lower highs from the 1.3346 london high to the 1.3330 swing high, under a falling ema20 and ema50. The bounce off the 1.3314 london low faded near the 50% of the london leg. RSI(14) held a higher low against the 24.9 dip, a mild bullish divergence, and ATR(14) has expanded to 6.4 pips.
Support: 1.33142, 1.33121, 1.3300
Resistance: 1.33273, 1.3330, 1.33457
What it said to watch
A close below the 1.3312 prior low exposes the 1.3300 round number
A close above the 1.3330 swing high and the ema20 breaks the lower-high sequence
The 1.3346 london high caps the falling lower-highs line
NY open could test the pair's hold above 1.3300
UK Q3 GDP Thu 07:00 UTC could materially shift this read
Lower highs since Asia; London broke the Asian range low, now a corrective bounce.
The hot US CPI sell-off structure is intact. London broke below the 1.3342–1.3355 Asian range and probed the 1.3315 London low, just above yesterday's 1.3312 CPI low, as RSI(14) recovered from a sub-25 read. The late-London bounce hit rejection at the 50% fib near 1.3330, and price is back under the ema20 at 1.3328 and the falling ema50 at 1.3339. ATR(14) has widened to 6.2 pips from 4.1.
Support: 1.33142, 1.33121
Resistance: 1.33282, 1.3330, 1.33388
What it said to watch
A close above the 1.3330 50% fib and the ema50 at 1.3339 breaks the lower-high sequence
Failure at the 1.3315 london low, then the 1.3312 cpi low, sets a fresh lower low below 1.3300
UK Q3 GDP Thu 07:00 UTC could materially shift this read; Fedspeak on 50bp keeps USD headline risk live
Lower highs from Asian high; London low held above Tue low.
The hot US CPI print drove GBPUSD from 1.3424 to the Tue low at 1.3312. After that low, price bounced to the Asian high at 1.3355, then sold off through London to a double bottom near the 1.3314 London low. Mid-London, price is back on the ema20 at the 50% fib of the London high-to-low drop, RSI(14) has recovered to 47 from a sub-25 extreme, and ATR has expanded to 6.1 pips.
Support: 1.33287, 1.33142, 1.33121
Resistance: 1.33395, 1.33457, 1.33554
What it said to watch
M15 close above the ema50 at 1.3340 and the 1.3346 london high breaks the lower-high sequence
Failure to hold the ema20 and a return below the 1.3314 london low exposes the 1.3312 tue low
Asian high at 1.3355 caps the intraday structure while price stays below it
UK Q3 GDP Thu 07:00 UTC could materially shift this read
Lower highs since Asia; London double test of 1.3314.
Hot US CPI set the downtrend. London broke the Asian range low and tested the 1.3314 session low twice, just above the 1.3312 cpi low, with RSI(14) higher on the second test (29.3 vs 24.9). The bounce stalled near the 38.2% of the London drop at 1.3326, still below a falling ema20 at 1.3329 and ema50 at 1.3340, with the london high at 1.3346 capping the lower-highs line.
Support: 1.33142, 1.33121, 1.3300
Resistance: 1.33287, 1.33399, 1.33457
What it said to watch
M15 close above ema20 at 1.3329 opens the 50% retracement and ema50 near 1.3340
Close above the 1.3346 london high breaks the lower-highs sequence
Failure to hold the 1.3312 cpi low exposes the 1.3300 psych level
ATR at 6 pips and expanding from 3.8: wider intraday swings than the Asian range
UK Q3 GDP Thu 07:00 UTC could materially shift this read
Asian range broken lower in London, basing above the CPI-day low.
Cable's post-US CPI slide resumed at London open, breaking the 1.3332–1.3355 Asian range and printing a london low at 1.3314 just above yesterday's cpi low at 1.3312. RSI(14) made a higher low at 29.3 against 24.9 earlier while price edged lower, and the last bar bounced to 1.3325, still below the ema20 (1.3329) and ema50 (1.3341).
Support: 1.33142, 1.33121
Resistance: 1.33292, 1.33316, 1.33406
What it said to watch
M15 close back above the asian low at 1.3332 reclaims the broken range and negates the breakdown
Failure to hold the london low and cpi low at 1.3312–1.3314 confirms a fresh lower low through 1.3300
ema20 at 1.3329 capping the bounce keeps the lower-high sequence intact; the fib asia-lon 50% sits near 1.3335
UK Q3 GDP Thu 07:00 UTC could materially shift this read
09:45 UTC
Downtrend, oversold and basing · RSI 29 · price 1.33179
Lower highs since Asia; London broke the Asian range low and is testing the CPI low.
London broke the 1.3332–1.3355 Asian range lower from the 1.3346 London high. Price is now stalling at a 1.3314 session low, just above Tuesday's post-CPI low at 1.3312, as hot US CPI keeps the USD bid. RSI(14) at 29.3 is oversold and printed a higher low against a marginal lower low in price, while price stays below a falling ema20 (1.3330) and ema50 (1.3341).
Support: 1.3314, 1.3312, 1.3300
Resistance: 1.3325, 1.3330, 1.3346
What it said to watch
M15 close below the 1.3312 cpi low exposes the 1.3300 psych level
Recovery through the 1.3325 lower high and back above the ema20 at 1.3330 would neutralise the London leg, with the 1.3346 london high next
The lower highs trendline from the Asian session caps the structure until broken
No high-impact US data today; UK Q3 GDP Thu 07:00 UTC is the next scheduled catalyst
Lower highs from Asia high, pressing post-CPI low.
London broke below the Asian range (asia high 1.3355). The early-London bounce stalled at 1.3346 (london high), and price is now pressing yesterday's cpi low at 1.3312, set after the hot US CPI print. Price sits below a falling ema20 (1.3331) and ema50 (1.3342), with RSI(14) at 28.4 oversold and ATR expanding to 5.8 pips.
Support: 1.33121, 1.3300
Resistance: 1.33311, 1.33457, 1.33554
What it said to watch
M15 close below the 1.3312 cpi low opens the 1.3300 psych level
Recapture of the ema20 at 1.3331 would break the lower-high trendline from the asia high
Failure below the london high at 1.3346 keeps the lower-high sequence intact
No high-impact US data today. UK Q3 GDP is due Thu 07:00 UTC.
09:15 UTC
Downtrend, lower highs through London · RSI 29 · price 1.33164
Asian range broken lower, lower highs at 1.3346 and 1.3325.
London broke the Asian range low near 1.3332 and printed lower highs from the london high at 1.3346 and the bounce high at 1.3325. The leg extended to a london low at 1.3315, just above yesterday's post-hot-CPI low at 1.3312. Price is below both EMAs, RSI(14) is oversold at 29.2 and ATR(14) has expanded to 5.9 pips.
Support: 1.33149, 1.33121, 1.3300
Resistance: 1.33248, 1.33327, 1.33457
What it said to watch
Break of the cpi low at 1.3312 extends the lower-low chain toward the 1.3300 round number, the late-Oct low
An M15 close above the bounce high at 1.3325 and the ema20 at 1.3333 puts price back inside the Asian range
Recovery through the london high at 1.3346 negates the London downtrend read; the 61.8% fib of the London leg sits near 1.3334
No high-impact US data today; UK Q3 GDP Thu 07:00 UTC is the next scheduled risk
09:00 UTC
Downtrend, London leg extending lower · RSI 33 · price 1.33225
Lower highs since the Asian range high; Asian range low broken in London.
Cable spent Asia drifting under the asian high at 1.3355. London then broke the asian low at 1.3332 and printed a london low at 1.3315, just above Tuesday's cpi low at 1.3312, with the hot US core CPI still keeping USD bid. Price sits below both EMAs as ATR(14) expands to 5.9 pips, while RSI(14) has recovered to 32.6 from 24.9 and is consolidating near the 38.2% of the London leg (~1.3327).
Support: 1.33149, 1.33121, 1.3300
Resistance: 1.33316, 1.33457, 1.33554
What it said to watch
Failure to hold the cpi low at 1.3312 opens the 1.3300 psych level
M15 close back above the asian low at 1.3332 (near ema20 1.3334) neutralises the range break
Lower-high trendline from the asian high through the london high at 1.3346 caps rebounds; a break above it negates the lower-high chain
UK Q3 GDP Thu 07:00 UTC is the next scheduled GBP catalyst; no high-impact US data today
London broke below the Asian range; lower highs and lower lows into the post-CPI low.
London broke below the 1.3342 Asian low. The selloff carved a lower-highs line through the 1.3346 London high to a 1.3315 session low, just above the 1.3312 CPI low left by Tuesday's hot US print. Price sits below the ema20 at 1.3336, RSI(14) has lifted to 32.9 from 24.9 and ATR has expanded to 5.9 pips.
Support: 1.33149, 1.33121, 1.3300
Resistance: 1.33356, 1.33423, 1.33457
What it said to watch
Close back above the 1.3346 london high and the lower-highs trendline breaks the lower-high sequence
A reclaim of the 1.3342 asian low puts price back inside the Asian range
Failure to hold the 1.3312 cpi low and session low exposes the 1.3300 round number
Selloff fib 50% near 1.3333, just under the ema20, is the first area to watch for rejection on any bounce
No high-impact US data today; UK Q3 GDP Thu 07:00 UTC is the next scheduled GBP risk
London open broke below the Asian range, lower highs and lower lows.
London open rejected 1.3346 (London high) and broke the Asian low at 1.3332, extending to 1.3315, just above yesterday's post-CPI low at 1.3312 as the hot US CPI keeps USD firm. RSI(14) is oversold at 24.9, and ATR has expanded from 3.8 to 5.8 pips. Price sits below both EMAs, which are sloping lower.
Support: 1.3312, 1.3300
Resistance: 1.3332, 1.33369, 1.33457
What it said to watch
A break of the 1.3312 CPI low opens the 1.3300 round number
A return above the 1.3332 Asian low would turn the range break into a false break
Only a reclaim of the EMA20 at 1.3337 and the 1.3346 London high retraces the London leg lower in full
08:16 UTC
Downtrend, ATR expanding · RSI 30 · price 1.33242
Lower highs since 01:30 UTC; Asian range broken lower at London open.
London broke below the 1.3342–1.3355 Asian range as the hot US CPI bid for USD resumed. A lower high capped at the 1.3346 swing high and price is pressing fresh session lows near 1.3324, below both EMAs. RSI(14) at 30.3 sits on the edge of oversold, ATR is expanding to 5.4 pips, and the post-CPI low at 1.3312 and 1.3300 psych are next below.
Support: 1.3312, 1.3300
Resistance: 1.3332, 1.3339, 1.3346
What it said to watch
M15 close back above the 1.3332 prior low and ema20 at 1.3339 would mark the London break as a false break
Close above the 1.3346 swing high ends the lower highs sequence
Failure to hold the 1.3312 cpi low exposes the 1.3300 psych level
RSI(14) holding above 30 while price makes new lows would point to fading downside momentum
UK Q3 GDP Thu 07:00 UTC and Thu Fedspeak (Williams, Daly) could materially shift this read
08:01 UTC
Downtrend, lower highs since Asia · RSI 34 · price 1.33288
Asian range broken lower after London open rejection.
London open spiked to the London high at 1.3346, then reversed through the Asian low at 1.3332 to a London low at 1.3327, extending the lower-high chain off the 1.3355 Asian high, which capped at the 38.2% retrace of the post-US CPI drop. Price is below a falling ema20 (1.3340) and EMA50, with RSI(14) at 33.7 and not yet oversold, and ATR at 5.1 pips is expanding as the CPI-driven USD pressure resumes.
Support: 1.33272, 1.33121, 1.3300
Resistance: 1.33316, 1.33404, 1.33457
What it said to watch
Failure to hold the London low at 1.3327 exposes the CPI low at 1.3312 and the 1.3300 round number
An M15 close back above the Asian low at 1.3332 would make the break a false break
A reclaim of ema20 at 1.3340 and the London high at 1.3346 would break the lower-highs line
UK Q3 GDP on Thu at 07:00 UTC and Fedspeak on 50bp December odds could materially shift this read
07:46 UTC
Downtrend, lower highs into London open · RSI 34 · price 1.33291
Asian range broken lower; lower highs at 1.3352 and 1.3346, fresh session low at 1.3328.
GBP/USD has slipped below the Asian range low near 1.3342. The early-London bounce was rejected at the 1.3346 london high and printed a new session low at 1.3328, with price under both EMAs. The pair is still carrying yesterday's hot US CPI move, and the 1.3312 cpi low and the 1.3300 round number sit just below. RSI(14) at 33.8 is soft but not oversold, while ATR(14) has widened from 3.8 to 5.1 pips as London opens.
Support: 1.33281, 1.33121, 1.3300
Resistance: 1.33415, 1.33457, 1.33554
What it said to watch
M15 close back above the ema20 at 1.3342 and the 1.3346 london high breaks the lower-high sequence
Failure to hold the 1.3328 session low exposes the 1.3312 cpi low and the 1.3300 round number
Reclaiming the 1.3355 asian high would negate the range break
ATR(14) expanding into London open: a 5+ pip average bar is the current move size
USD-side Fedspeak and Friday PPI, plus UK Q3 GDP on Thu 07:00 UTC, can reprice the CPI move
07:31 UTC
Intraday downtrend, lower highs since Asia · RSI 41 · price 1.33336
Asian range broken lower at London open, bounce rejected under ema20.
Hot US CPI knocked cable from 1.3425 to a 1.3312 cpi low; the overnight Asian range of 1.3342–1.3355 then stalled at the 38.2% retrace of the CPI drop. London open broke below the Asian range to a 1.3332 london low, and the bounce was rejected under the ema20 at 1.3343. That keeps the lower-high sequence intact, with RSI(14) at 41 and ATR(14) expanding to 4.7 pips.
Support: 1.33316, 1.33121, 1.3300
Resistance: 1.33427, 1.33498, 1.33554
What it said to watch
M15 close above the ema20 at 1.3343 and the 1.3346 bounce high breaks the lower-high line from the asian high
Failure to hold the 1.3332 london low exposes the 1.3312 cpi low, then 1.3300 psych
ema50 at 1.3350 and the asian high at 1.3355 (38.2% of the CPI drop) cap the recovery leg
UK Q3 GDP Thu 07:00 UTC and Thu US jobless claims/Fedspeak could materially shift this read
07:16 UTC
Post-CPI downtrend, bouncing at London open · RSI 44 · price 1.33403
Asian range lost pre-London; lower highs below 1.3355.
Hot US CPI knocked GBPUSD from 1.3424 to the 1.3312 cpi low. Asia recovered to a 1.3355 asian high, but lower highs followed and the pair slipped out of the range before London. It found a pre-ldn low at 1.3332, near the 50% of the CPI-low-to-Asian-high fib, and the London open bounce is now retesting the broken range floor just under the ema20 at 1.3343. RSI has recovered from 30.9 to 44.4, and price sits below a falling ema20 and ema50.
Support: 1.33316, 1.33121
Resistance: 1.33433, 1.33503, 1.33554
What it said to watch
M15 close back above the ema20 at 1.3343 returns price into the Asian range and weakens the break read
Ema50 at 1.3350 and the lower-highs line from the 1.3355 asian high cap any extension
Failure to hold the 1.3332 pre-ldn low exposes the 1.3312 cpi low
UK Q3 GDP Thu 07:00 UTC and US jobless claims Thu 13:30 UTC could materially shift this read
07:01 UTC
Downtrend, Asia bounce faded · RSI 37 · price 1.33341
Lower highs through Asia, Asian range broken lower into the European open.
The rebound from the post-CPI prior low at 1.3312 stalled at the 1.3355 Asian high, right at the 38.2% fib of the CPI drop. Asia then printed lower highs and slipped to a 1.3332 session low ahead of London open, below a declining ema20 (1.3344) and ema50 (1.3351). RSI(14) bounced from 30.9 to 37.3, and ATR at 4.2 pips shows compressed ranges.
Support: 1.33316, 1.33121, 1.3300
Resistance: 1.33436, 1.33507, 1.33554
What it said to watch
M15 close below the 1.3332 session low exposes the 1.3312 prior low, then 1.3300 psych
Reclaiming ema20 at 1.3344 and ema50 at 1.3351 would break the lower-high trendline
Break above the 1.3355 asian high, the 38.2% fib, invalidates the downtrend read
UK Q3 GDP Thu 07:00 UTC and Thursday Fedspeak on 25 vs 50bp could materially shift this read
Asian range broken lower, lower highs since 02:00 UTC.
Hot US CPI knocked GBPUSD from 1.3424 to the 1.3312 cpi low. The Asia session recovery stalled at the 1.3355 asian high, near the 38.2% retracement of that drop, and highs have been lower since. Pre-London selling has broken the 1.3342 asian low, with price below both EMAs and RSI(14) at 30.9.
Support: 1.33121, 1.3300
Resistance: 1.3342, 1.33513, 1.33554
What it said to watch
M15 close back above the 1.3342 asian low turns the range break into a false break
Reclaim of the ema50 at 1.3351 and the lower highs line negates the lower-high sequence
Failure to hold the 1.3312 cpi low exposes the 1.33 psych level
RSI(14) below 30 would flag oversold conditions into the London open
ATR(14) at 4.1 pips is compressed; London open may expand range
06:31 UTC
Downtrend, pre-London leg lower · RSI 35 · price 1.33347
Post-CPI bounce capped at 38.2%; Asian range low broken.
The hot US CPI print drove GBPUSD from 1.3424 to a 1.3312 cpi low. The rebound stalled at the 1.3355 asian high, right at the 38.2% fib of that leg. Ahead of London open, price has slipped below the asian low at 1.3342 and the ema20 at 1.3346, with RSI(14) at 34.5 and ATR(14) compressed to 4.1 pips.
Support: 1.33334, 1.33121
Resistance: 1.3342, 1.33456, 1.33554
What it said to watch
Close back above the 1.3342 asian low would mark the break as a false break
Failure to hold the 1.3333 rollover low exposes the 1.3312 cpi low
Reclaim of ema20 at 1.3346 and the asian lower highs line shifts the read back to range
London open in ~90 min typically expands the session range beyond 4-pip ATR
UK Q3 GDP Thu 07:00 GMT is the next scheduled GBP risk
Range 1.3333–1.3355 since NY close, lower highs through Asia.
Hot US CPI drove a 112-pip slide to the 1.3312 prior low during NY hours. Since then the pair has ranged 1.3333–1.3355, with Asia printing lower highs off the 1.3355 Asian high and a rejection at 1.3352. Price is now slipping under the Asian low at 1.3342 ahead of London open, below the ema20 (1.33465) and ema50 (1.33527), with RSI(14) at 38.4 and ATR(14) compressed to 4.1 pips.
Support: 1.33334, 1.33121
Resistance: 1.33465, 1.33554
What it said to watch
M15 close below the 1.3333 swing low breaks the overnight range and exposes the 1.3312 prior low
Reclaim of the ema20 and then the 1.3355 Asian high would negate the lower-highs read
London open could expand the compressed 4.1-pip ATR
UK Q3 GDP Thu 07:00 GMT is the next scheduled GBP catalyst
Lower highs pressing a flat Asian low, below both EMAs.
Hot US CPI drove a 112-pip slide to the 1.3312 cpi low. The bounce has stalled at the 38.2% cpi drop fib, and the Asian high at 1.3355 sits on that level. Price has spent Asia in a 1.3342–1.3355 consolidation, with lower highs on a falling trendline pressing a flat Asian low, price below the ema20 (1.3347) and ema50 (1.3353), and ATR compressed to 4.1 pips ahead of London open.
Support: 1.33418, 1.33334, 1.33121
Resistance: 1.33472, 1.33532, 1.33554
What it said to watch
M15 close below the 1.3342 asian low exposes the 1.3333 rollover low, then the 1.3312 cpi low
Reclaim of the ema20 and ema50, then a close above the 1.3355 asian high and falling trendline, breaks the lower-high sequence
ATR at 4.1 pips into London open; a range expansion from the Asian box would set the session direction
05:46 UTC
Post-CPI rebound stalling, below both EMAs · RSI 43 · price 1.33441
Tight Asian range 1.3342–1.3355 with lower highs.
The hot US CPI print at 13:30 GMT knocked GBPUSD from 1.3425 to a 1.3312 cpi low. The rebound stalled at the 1.3355 asian high, the 38.2% fib of that leg, and Asia has since printed lower highs. Price sits back near the 1.3342 asian low, below ema20 (1.3348) and a falling ema50 (1.3354). RSI is 43 and ATR has contracted to 4 pips ahead of London open.
Support: 1.33423, 1.33334, 1.33121
Resistance: 1.33476, 1.33554, 1.3400
What it said to watch
M15 close below the 1.3342 asian low exposes the 1.3333 rollover low, then the 1.3312 cpi low
Close back above ema20 and the 1.3355 asian high breaks the lower-high trendline and the 38.2% fib cap
1.3400 round number is the post-CPI breakdown area above if the range resolves higher
London open from 08:00 GMT typically sets the break of the Asian range
UK Q3 GDP Thu 07:00 GMT could materially shift this read
05:31 UTC
Recovering after CPI sell-off, now flat · RSI 53 · price 1.33499
Tight Asian range 1.3342–1.3355 above the 1.3312 post-CPI low.
The hot US CPI print knocked GBP/USD from 1.3424 to a 1.3312 cpi low in NY. The pair has since rebuilt into a tight late-Asia range of 1.3342–1.3355, with the asian high capping near the 38.2% retracement of the CPI drop. Price holds just above ema20 but below a falling ema50 at 1.3354, with RSI(14) neutral at 53 and ATR(14) compressing to 3.8 pips into London open.
Support: 1.3348, 1.3342, 1.3312
Resistance: 1.3355, 1.3400
What it said to watch
A London open break of the 1.3355 asian high clears ema50 and the 38.2% CPI drop fib, opening the path toward the 1.3400 round number
Losing ema20 and then the 1.3342 asian low would bring the 1.3312 cpi low back into view
UK Q3 GDP (Thu 07:00 GMT) is the next scheduled GBP catalyst and could reset this range
Tight Asian range below the 38.2% retrace of the CPI drop.
The hot US core CPI print at 13:30 UTC drove a 112-pip slide to the 1.3312 cpi low. The rebound has since stalled in a 13-pip Asian range between the 1.3342 asian low and the 1.3355 asian high, where the ema50 (1.3354) and the 38.2% retrace of the CPI drop fib converge. Late in the Asia session, price sits just above the ema20 with RSI(14) at 53 and ATR(14) compressed to 3.9 pips, its lowest reading in the recent series.
Support: 1.33478, 1.33423, 1.33121
Resistance: 1.33554, 1.3400
What it said to watch
An M15 close above the asian high and ema50 near 1.3355 breaks the Asian range higher, putting the 1.3400 round number in view
Failure to hold the asian low at 1.3342 reopens the 1.3312 cpi low
London open is the first test of the compressed Asian range after ATR fell to 3.9 pips
UK Q3 GDP on Thu at 07:00 GMT could materially shift this read
05:01 UTC
Post-CPI downtrend, basing in Asia · RSI 51 · price 1.33478
Tight Asian range 1.3342–1.3355 above NY swing low.
The hot US core CPI print drove a 112-pip slide to the 1.3312 swing low in NY. The rebound has stalled in a 13-pip Asian range, with the asia high at 1.3355 sitting on the 38.2% CPI drop fib and just above the EMA50. Price is pinned at the flat EMA20 with RSI(14) neutral at 51 and ATR(14) compressing to 4 pips.
Support: 1.33423, 1.33121
Resistance: 1.33554, 1.3400
What it said to watch
M15 close above the 1.3355 asia high clears the 38.2% CPI drop fib and the EMA50, opening the 1.3400 round number
Failure to hold the 1.3342 asia low exposes the 1.3312 swing low
ATR compressed to 4 pips into London open; a range break there sets the session direction
US-Iran headlines are the main USD driver until Thursday's UK GDP and US claims
04:46 UTC
Post-CPI downtrend, now consolidating · RSI 45 · price 1.33452
Tight Asian range 1.3342–1.3355 below the CPI-day breakdown.
The hot US core CPI drove GBPUSD from 1.3425 to a cpi low at 1.3312 during NY hours. Price has since held a tight Asian range of 1.3342–1.3355, and the asian high was rejected at the 38.2% fib of the CPI drop, with ema50 just below at 1.3355. Price sits just under ema20 (1.3347), RSI is 44.7 and ATR has compressed to 4 pips ahead of London open.
Support: 1.33423, 1.33334, 1.33121
Resistance: 1.33474, 1.33554
What it said to watch
M15 close above the 1.3355 asian high / 38.2% fib breaks the Asian range to the upside
Failure to hold the 1.3342 asian low exposes the 1.3333 rollover low, then the 1.3312 cpi low
London open in ~2h is likely to resolve the compressed Asian range
UK Q3 GDP on Thu Nov 12 07:00 GMT could materially shift this read
04:31 UTC
Post-CPI downtrend, now basing · RSI 47 · price 1.33468
Tight Asia range under ema50, rising lows off post-CPI low.
GBPUSD is pinned at the 23.6% fib of the hot-CPI slide from 1.3459 to the 1.3312 post-cpi low, holding a narrow 1.3343–1.3355 Asian range just under the ema20 at 1.3348. Rising lows from the post-cpi low are intact, but ATR has compressed to 4.1 pips and RSI sits flat at 47.
Support: 1.33425, 1.33334, 1.33121
Resistance: 1.33477, 1.33554
What it said to watch
M15 close above the 1.3355 asian high, where the ema50 also sits, breaks the Asia range higher
Failure to hold the 1.3343 asian low and the rising lows line exposes the 1.3333 late ny low
Loss of 1.3333 reopens the 1.3312 post-cpi low
London open in ~3h is the likely end to the current ATR compression
Tight Asian range 1.3343–1.3355 below ema20 and ema50.
The hot US core CPI drove GBPUSD from 1.3459 to the cpi low at 1.3312 during NY hours. Since then the pair has held a tight Asian range: the asia high at 1.3355 sits with ema50 and has capped price, and the asia low at 1.3343 has held. Price is below ema20 at 1.3348 and parked near the 23.6% fib of the CPI drop, with RSI(14) neutral at 45.7 and ATR(14) compressed to 4.2 pips.
Support: 1.33425, 1.33334, 1.33121
Resistance: 1.33478, 1.33554
What it said to watch
M15 close above the asia high at 1.3355 (ema50) breaks the range and puts the 38.2% fib near 1.3368 in view
Loss of the asia low at 1.3343 exposes the rollover low at 1.3333, then the cpi low at 1.3312
ATR at 4.2 pips is compressed ahead of London open, so expect a range expansion when London volume arrives
UK Q3 GDP Thu 07:00 GMT is the next scheduled GBP catalyst; PPI on Friday is the next USD catalyst
Tight Asia range under the EMAs, lower high off the Asian high.
The hot US core CPI drove a slide to the 1.3312 cpi low. The rebound has since stalled in a 1.3343–1.3355 Asia session range: the Asian high was rejected and a lower high formed at 1.3353. Price sits below the ema20 (1.3348) and the ema50 (1.3356), with RSI(14) at 44 and ATR(14) compressed to 4.3 pips ahead of the London open.
Support: 1.33425, 1.33334, 1.33121
Resistance: 1.3348, 1.33554
What it said to watch
Failure to hold the 1.3343 asian low exposes the 1.3333 rollover low, which coincides with the 50% fib of the post-CPI rebound
An M15 close back above the ema20 and the 1.3355 asian high (ema50 at 1.3356) breaks the Asia lower-high sequence
A loss of the rollover low reopens the 1.3312 cpi low
London open volatility expansion from the 4.3-pip ATR could resolve the Asia range
UK Q3 GDP (Thu 07:00 GMT) and Thursday US claims plus Fedspeak could materially shift this read
Tight Asian range under ema50, lower high at 1.3353.
The hot US core CPI print drove GBP/USD 112 pips down to the 1.3312 cpi low. The rebound has stalled in an 11-pip Asian range of 1.3344–1.3355, with a lower high at 1.3353 late in the session. Price sits just under ema20 (1.3348) and ema50 (1.3356), RSI is neutral at 46.9 and ATR has compressed to 4.3 pips ahead of the London open.
Support: 1.33439, 1.33121
Resistance: 1.33484, 1.33554
What it said to watch
M15 close below the 1.3344 asian low breaks the rebound trendline and exposes the 1.3312 cpi low
Close above the 1.3355 asian high, which also clears ema50, extends the cpi rebound
Holding ema20 at 1.3348 keeps the consolidation read intact
ATR at 4.3 pips is compressed; London open is the likely range-expansion window
Fib 50–61.8% retracement of the cpi rebound sits near 1.3328–1.3338, the next area of interest on a range break lower
Tight late-Asia range 1.3344–1.3355 below 38.2% retrace.
The hot US CPI print drove a 112-pip slide to the 1.3312 swing low, and the rebound has stalled at the 1.3355 Asian high, where the 38.2% post-CPI fib meets the falling ema50 at 1.3357. Late Asia is holding a tight range above the 1.3344 range floor. ATR(14) has compressed to 4.4 pips and RSI(14) sits flat at 50, with price pinned on the ema20.
Support: 1.33439, 1.33395, 1.33121
Resistance: 1.33554, 1.33565, 1.33902
What it said to watch
M15 close above the 1.3355 Asian high and the ema50 at 1.3357 clears the 38.2% post-CPI fib and opens the 1.3390 cpi break area
Failure to hold the 1.3344 range floor exposes the 1.3340 asian low, then the 1.3312 swing low
London open expansion out of the compressed 1.3344–1.3355 Asian range would set the session direction
UK Q3 GDP Thu 07:00 GMT and US PPI Fri are the next scheduled catalysts for this read
Higher lows off 1.3312; Asian range 1.3340–1.3355 capped at 38.2% fib.
The hot US core CPI print (0.3% vs 0.2%) drove a slide to the 1.3312 cpi low in NY, followed by a grind higher along rising lows. Asia saw a rejection at the 1.3355 asian high, which sits on the 38.2% fib of the CPI drop and just under the ema50 at 1.3357. Price has faded back to the ema20 at 1.3348. RSI is neutral at 48 and ATR has compressed to 4.4 pips, leaving the Asian range intact heading into London open.
Support: 1.3340, 1.33334, 1.33121
Resistance: 1.33554, 1.3357, 1.3400
What it said to watch
M15 close above the 1.3357 ema50 / asian high breaks the 38.2% fib cap and opens the 1.3400 round number
Failure to hold the 1.3340 asian low exposes the 1.3333 rollover low and the rising lows line
A break below the 1.3312 cpi low resumes the post-CPI downtrend
London open is the first test of the Asian range; with ATR compressed at 4.4 pips, a range break carries more weight
Tight Asian range 1.3344–1.3355 under the 38.2% retrace of the CPI drop.
Hot US CPI drove a 110-pip NY sell-off to the cpi low at 1.3312. The recovery stalled at the asian high of 1.3355, which sits on the 38.2% retrace and just under the ema50. Price has slipped back below the ema20 at 1.3348, mid-range in the Asian session, with RSI(14) neutral at 47 and ATR(14) compressed to 4.5 pips.
Support: 1.33439, 1.33334, 1.33121
Resistance: 1.33481, 1.33554, 1.33573
What it said to watch
A close above the asian high and ema50 (1.3355–1.3357) breaks the Asian range and the 38.2% cap
Failure to hold the asian low at 1.3344 exposes the rollover low at 1.3333, then the cpi low at 1.3312
London open is likely to resolve the 11-pip Asian range; compressed ATR points to a range expansion
Fed speakers Thursday and UK GDP early Thursday could shift the post-CPI read
02:31 UTC
Post-CPI downtrend, basing in a tight recovery · RSI 51 · price 1.33487
Higher lows off 1.3312, capped below ema50 in Asia.
The hot US CPI print drove a 135-pip slide to 1.3312 during NY hours. Since then the pair has built higher lows through the rollover low at 1.3333 and the asian low at 1.3344, but the Asia session pushed only to an asian high of 1.3355, just shy of the declining ema50 at 1.3358. Price is now sitting on a flattening ema20 at 1.3348, with RSI(14) neutral at 51.2 and ATR compressing to 4.6 pips.
Support: 1.33482, 1.3344, 1.3333
Resistance: 1.33554, 1.33578, 1.3400
What it said to watch
M15 close above the asian high and ema50 (1.3355–1.3358) opens the 1.3400 round number
Loss of the asian low at 1.3344 breaks the rising lows line and exposes the 1.3333 rollover low
A break below 1.3333 puts the 50–61.8% recovery fib zone (1.3334–1.3329) under pressure
London open liquidity could expand the 4.6-pip ATR out of the Asian range
UK Q3 GDP on Thu 07:00 UTC and Fed-speaker headlines could materially shift this read
02:16 UTC
Post-CPI selloff, recovering in Asia · RSI 55 · price 1.3351
Higher lows off the CPI low; Asian range capped near the ema50.
Hot US CPI dropped GBPUSD from 1.3425 to the 1.3312 cpi low during NY hours. Price has since built higher lows through the Asia session. The asian high at 1.3355 sits on the 38.2% fib of that drop, just under the ema50 at 1.3358, with price holding above the ema20 at 1.3348.
Support: 1.3348, 1.33439, 1.33121
Resistance: 1.33554, 1.33581, 1.3400
What it said to watch
M15 close above the ema50 at 1.3358 clears the 38.2% fib and opens the 1.3400 round number
Break below the asian low at 1.3344 puts the rising lows line and then the 1.3312 cpi low back in play
No scheduled GBP/USD data in the next 8h; UK GDP Thu 07:00 UTC is the next domestic catalyst
Asia break above overnight range, higher lows off 1.3312.
Hot US CPI drove a 112-pip slide from 1.3424 to 1.3312 during NY hours. Price is now clearing the 1.3349 prior high in the Asia session, testing the 38.2% retracement of the CPI drop near 1.3355 with the ema50 at 1.3358 just overhead. The ema20 at 1.3348 is rising beneath, rising support from the CPI low is intact, and RSI 59 with ATR 4.7 pips points to a slow, orderly grind.
Support: 1.33494, 1.33476, 1.33402
Resistance: 1.33583, 1.33683
What it said to watch
M15 close above the ema50 at 1.3358 opens the 50% fib at 1.3368
Slip back below the 1.3349 prior high and ema20 returns price to the overnight range, with the 1.3340 asian low next
Break of rising support from the 1.3312 CPI low would undo the higher-low sequence
UK Q3 GDP Thu 07:00 UTC is the next scheduled GBP risk
01:46 UTC
Post-CPI downtrend, now basing · RSI 54 · price 1.3350
Tight Asia session range under ema50 after NY low at 1.3312.
Hot US core CPI (0.3% vs 0.2%) drove a ~110-pip NY slide to 1.3312. Price has since rebuilt to 1.3350 and spent the Asia session in a 1.3344–1.3351 band, above ema20 but below ema50, with the asian high capping two tests. ATR(14) has compressed to 4.7 pips and the rising lows from the CPI low remain intact.
Support: 1.33469, 1.3344, 1.33334
Resistance: 1.3351, 1.33585, 1.3400
What it said to watch
M15 close above the 1.3351 asian high and the 1.3359 ema50 puts the 38.2% of the cpi drop fib (~1.3355) behind it and opens the path to 1.3400 psych
Failure at the 1.3344 asian low and ema20 exposes the 1.3333 rollover low and the rising lows line
London open is likely to break the compressed 4.7-pip ATR range; direction of that break sets the next intraday leg
UK GDP Thu 07:00 UTC and Thu Fed speakers are the next scheduled catalysts for the post-CPI move
Tight Asian range below the 38.2% retrace of the CPI drop.
The hot US CPI print knocked cable from 1.3424 to a 1.3312 NY low. The rebound has stalled under the 38.2% fib near 1.3355, and price is coiling in a 7-pip Asian range of 1.3344–1.3351. Price holds just above the ema20 but below a falling ema50 at 1.3359, with RSI(14) flat at 49.7 and ATR compressing to 4.7 pips.
Support: 1.33439, 1.33334, 1.33121
Resistance: 1.33512, 1.33588, 1.33902
What it said to watch
M15 close below the 1.3344 asian low exposes the 1.3333 rollover low, then the 1.3312 ny low
Close above the 1.3351 asian high and the ema50 at 1.3359 puts the 38.2% fib in play, with the 1.3390 cpi bar low above
A break of the rising lows trendline from the NY low resumes the post-CPI downtrend
London open is the likely range break after the Asian compression
01:16 UTC
Downtrend, pausing in Asia consolidation · RSI 45 · price 1.33454
Post-CPI bounce capped at 1.3351, tight Asian range below EMA20.
Hot US CPI extended a 147-pip slide from 1.3459 to the 1.3312 cpi low by NY afternoon. The NY-session rebound stalled near 1.3349, and the Asian range is holding 1.3340–1.3351 with a rejection at the 1.3351 asia high. Price sits just under a flattening EMA20, with the EMA50 still falling and ATR(14) compressed to 4.8 pips.
Support: 1.33395, 1.33334, 1.33121
Resistance: 1.33512, 1.33593, 1.33682
What it said to watch
An M15 close above the 1.3351 asia high puts the ema50 at 1.3359 and the fib 38.2 at 1.3368 of the CPI sell-off in play
Failure to hold the 1.3340 swing low exposes the 1.3333 rollover low, then the 1.3312 cpi low
Fed speakers, including Williams on Thu 23:30 UTC, could shift 50bp December pricing and this read
UK Q3 GDP on Thu 07:00 UTC is the next GBP-specific catalyst
Tight Asia range under the 38.2% fib of the CPI leg.
Hot US CPI drove a 112-pip slide from 1.3424 to the 1.3312 CPI low during NY hours. The rebound has stalled below the 38.2% fib at 1.3355, and price is compressing in a 1.3342–1.3349 range into the early Asia session. RSI(14) is back at 50 and ATR(14) has shrunk to 4.7 pips; price sits above the ema20 but below a falling ema50 at 1.3360.
Support: 1.33465, 1.33416, 1.33121
Resistance: 1.33494, 1.3355, 1.33599
What it said to watch
M15 close above the 1.3349 range top and the 38.2% fib opens the ema50 at 1.3360, then 1.3400
Failure to hold the 1.3342 range low exposes the 1.3312 CPI low and the 1.3300 late-October low
Losing the ema20 at 1.3347 would shift the read back toward the post-CPI downtrend
ATR compression at 4.7 pips points to a range break once London opens
Fed speakers on 50bp December hike talk and the UK Q3 GDP release Thu 07:00 UTC are the next scheduled risks
00:46 UTC
Post-CPI bounce stalling, flat in early Asia · RSI 48 · price 1.33476
Tight range under NY high after rebound from post-CPI low.
The hot US CPI print broke the London range at 13:30 UTC and drove cable to a post-CPI low of 1.3312. The NY recovery capped at the 1.3349 NY high, and early Asia is holding flat near the 23.6% fib of the 1.3459–1.3312 drop. Price sits just above ema20 (1.3346) and below ema50 (1.3360), with RSI(14) neutral at 48 and ATR compressing to 4.9 pips.
Support: 1.33463, 1.33334, 1.33121
Resistance: 1.33494, 1.33603, 1.33682
What it said to watch
M15 close above the 1.3349 NY high opens ema50 at 1.3360 and the 38.2% fib at 1.3368
Loss of the 1.3333 rollover low breaks the rising lows line and exposes the 1.3312 post-cpi low
Fed speakers (50bp vs 25bp talk) and UK Q3 GDP Thu 07:00 UTC could materially shift this read
Tight 1.3342–1.3349 range above NY low, higher low at rollover.
Cable slid through NY hours after the hot US CPI print, bottoming at the 1.3312 NY low before a corrective bounce to 1.3349. Early Asia session is compressing just under that range high, holding the ema20 but below the ema50 at 1.3361. The rollover low at 1.3333 printed a higher low, RSI(14) is neutral at 48.6 and ATR(14) has contracted to 5 pips.
Support: 1.33462, 1.33334, 1.33121
Resistance: 1.33494, 1.33609
What it said to watch
M15 close above the 1.3349 range high opens the ema50 at 1.3361 and the 38.2% CPI drop fib near 1.3355
Loss of the 1.3333 rollover low breaks rising support and puts the 1.3312 NY low back in play
No data in the next 8h; UK Q3 GDP Thu 07:00 UTC and Thursday's Fed speakers are the next scheduled catalysts
00:16 UTC
Post-CPI downtrend, now basing · RSI 49 · price 1.33487
Tight 1.3340–1.3350 box below NY high.
Cable dropped from 1.3425 on the hot US CPI print to a 1.3312 CPI low, then recovered about a third of the move to the 1.3349 NY high and has held a 1.3340–1.3350 box into early Asia. Price sits just above a flattening ema20 but below the falling ema50. RSI(14) is neutral at 49 and ATR(14) has compressed to 5.2 pips.
Support: 1.33461, 1.3340, 1.33121
Resistance: 1.33494, 1.3355, 1.33614
What it said to watch
Close above the 1.3349 NY high opens the 38.2% fib of the CPI drop at 1.3355 and the ema50 at 1.3361
Break of the 1.3340 Asian low reopens the path toward the 1.3312 CPI low
Fed speakers Thu and UK Q3 GDP Thu 07:00 UTC could materially shift this read
Tight range below ema50 after CPI sell-off; higher lows off 1.3312.
Hot US CPI at 13:30 UTC took cable from 1.3425 to a 1.3312 cpi low during NY hours. Since then price has rebuilt into a 1.3333–1.3349 range, capped below the ema50 at 1.3362 and sitting between the 23.6% and 38.2% levels of the CPI drop fib. Early Asia has price pressing the range top, with the ema20 at 1.3346 just below, RSI(14) neutral at 49 and ATR(14) compressed to 5.4 pips.
Support: 1.33459, 1.3333, 1.3312
Resistance: 1.3349, 1.33619, 1.3400
What it said to watch
An M15 close above the 1.3349 range top opens the ema50 at 1.3362, then 1.3400 psych
A break of the 1.3333 range low exposes the 1.3312 cpi low
Loss of the ema20 at 1.3346 would return price to the middle of the range
UK Q3 GDP Thu 07:00 UTC and Thursday's Fed speakers could materially shift this read