18:27 UTC
Range-bound, trading in lower half · RSI 42 · price 1.3227
1.3140–1.3675 range since Feb, lower high off the Jan peak.
Cable has been range-bound between the 1.3140 range floor and the 1.3675 range top since the Jan high at 1.3869 failed, and the August rejection near the range top left a lower high under the descending lower-highs line. Price sits below a flat EMA50 near 1.3400, a neutral-to-heavy macro read, while holding the 61.8–78.6% retracement zone of the Nov 2025–Jan 2026 rally, where the Mar, Jun and Sep lows (Sep low 1.3181) have all stabilised. USD firmness near yearly highs on a hawkish Fed and safe-haven demand is capping the pair, and a near-fully priced November BoE hike limits GBP's offset.
Support: 1.3181, 1.3140, 1.3010
Resistance: 1.3400, 1.3675, 1.3869
What it said to watch
- Weekly close below the 1.3140 range floor breaks the multi-quarter range and exposes the 2025 low at 1.3010
- Failure to hold the Sep low at 1.3181 puts the 78.6% retracement and range floor under direct test
- Weekly close back above the ema50 near 1.3400 would return price to mid-range and ease the heavy read
- Range top at 1.3675 and the lower-highs line: a break would reopen the Jan high at 1.3869
- US Sep CPI Wed, UK GDP Thu and Bailey Fri could materially shift this read