Post-drop base off 1.3336, higher lows into a coil under 1.3360.
The vertical drop off 1.3406 that followed the BoE hold bottomed at the 1.33360 day low in mid-NY, and price has since ground back up inside a shallow rising channel through the NY close and into Asia. It is now pinned at the 1.33600 session high with ATR compressed near 5 pips, RSI(14) mid-range at 54, above EMA20 but still capped by EMA50 around 1.3360.
Support: 1.33471, 1.3336, 1.3330
Resistance: 1.3360, 1.33627, 1.3380
What it said to watch
Acceptance above the 1.33600 session high and the 38.2% fib at 1.33627 would extend the corrective leg toward the 1.33800 prior high
Loss of the 1.33471 session low breaks the rising support line and re-exposes the 1.33360 day low, with 1.33300 psych beneath
UK Retail Sales at 06:00 GMT lands inside the next few bars and can reset this Asian range
The vertical break came on the BoE hold at 3.75% (6-3), which knocked cable from 1.3406 to 1.3350 in one bar and led to a session low of 1.3336 in NY hours. Since London close price has done nothing but consolidate in a 1.3347–1.3360 band on collapsing ranges, ATR(14) down to roughly 6 pips and RSI(14) mid-50s; the range top at 1.3360 has capped four attempts.
Support: 1.33471, 1.3336, 1.3330
Resistance: 1.3360, 1.3372, 1.3388
What it said to watch
M15 close above the 1.3360 range top would end the post-NY consolidation and expose the 1.3372 swing pivot
Loss of the 1.33471 swing low reopens the 1.3336 session low and the 1.3330 round number
UK Retail Sales at 06:00 GMT lands within the next few hours and can void this thin-liquidity range read
23:01 UTC
Post-BoE downtrend, now flat and coiling · RSI 56 · price 1.33593
Sharp impulsive leg lower, then 8-hour base with shallow higher lows.
Price collapsed ~45 pips in a single bar on the BoE 6-3 hold at 3.75%, bottoming at the 1.33360 day low during NY hours, and has since built a tight base with shallow higher lows off 1.33471. Late-NY/early-Asia bars are pinned against the 1.33600 round number, which has capped three attempts, with ATR compressed to about 7 pips.
Support: 1.33471, 1.3336, 1.3320
Resistance: 1.3360, 1.3372
What it said to watch
Sustained close above 1.33600 round number would extend the base toward the 1.33720 prior swing
Loss of 1.33471 session low reopens the 1.33360 day low
UK Retail Sales at 06:00 GMT is the next scheduled risk to this range read
22:31 UTC
Downtrend from the London high, now flat · RSI 59 · price 1.33586
Four-hour consolidation 1.3347-1.3360 after the post-BoE leg lower.
Cable dropped ~45 pips in one bar on the BoE 6-3 hold at 11:00 GMT, bottomed at the 1.33360 day low in the NY afternoon, and has since gone sideways in a 1.3347-1.3360 band on a shallow higher-low base. Price is pinned at the 1.33598 range top into the Asia handover with ATR down to under 6 pips and volume near zero — repeated rejection there, no expansion yet.
Support: 1.33471, 1.3336
Resistance: 1.33598, 1.33735
What it said to watch
M15 close above the 1.33598 range top ends the consolidation and exposes 1.33735 swing high
Loss of the 1.33471 range low reopens the 1.33360 day low
UK Retail Sales at 06:00 GMT is the next scheduled risk to this range
22:16 UTC
Downtrend stalled, now flat · RSI 53 · price 1.33574
Post-NY range with shallow higher lows.
Sterling dropped 45 pips in one bar on the 6-3 BoE hold at 11:00 GMT and extended to an ny low of 1.3336 by mid-NY, after which price has coiled in a 1.3350–1.33589 range for the last eight hours. The post-NY-close bar wicked to 1.33471 on thin liquidity before closing back inside the range at 1.33574, just above EMA20 and marginally below EMA50; ATR(14) at 5.5 pips shows how compressed the Asia-open tape is.
Support: 1.3350, 1.33471, 1.3336
Resistance: 1.33589, 1.3363, 1.33693
What it said to watch
Sustained M15 close above the 1.33589 range top would put the 1.3363 swing high and 1.33693 prior high back in play
Loss of the 1.3350 range floor and the late low at 1.33471 re-exposes the 1.3336 ny low
UK Retail Sales at 06:00 GMT, ahead of the London open, is the first event able to break this range
Cable broke down vertically during London hours on the BoE hold/hawkish-caveat mix, losing 1.3400 and bottoming at 1.3336 in the NY session. Since then it has ground back into a tight range top 1.3359 / range low 1.3350 on minimal late-session volume, price above EMA20 but still under EMA50 with RSI(14) mid-50s and ATR only ~5.5 pips.
Support: 1.33495, 1.3336
Resistance: 1.3359, 1.33735
What it said to watch
M15 close above the 1.3359 range top would extend the base toward the 1.33735 swing high
Loss of the 1.33495 range low re-exposes the 1.3336 session low
UK Retail Sales at 06:00 GMT falls inside the next session and can break this range in either direction
Thin Asia-hours liquidity means the current range read is low-conviction until London reopens
21:31 UTC
Down on the day, momentum stalled · RSI 41 · price 1.33519
Lower highs from 1.3406, higher lows since 1.3336 — balanced range into late NY.
Cable dropped 44 pips in a single bar out of 1.3406 during the midday London stretch and completed the decline at the 1.33360 session low, sterling still trading the rate differential against a post-FOMC firm dollar. Late NY has balanced into a 1.33450–1.33589 range with higher lows off that low; RSI(14) 41, ATR(14) 5.1 pips — thin end-of-session conditions, no structural break in play.
Support: 1.3345, 1.3336
Resistance: 1.33589, 1.3366
What it said to watch
M15 close above the 1.33589 range top would end the late-NY consolidation and put 1.33660 swing high in view
Loss of the 1.33450 range floor reopens the 1.33360 session low
UK Retail Sales at 06:00 GMT lands in the Asia-London handover and can reset this range
The vertical drop from 1.3406 on the in-line 6-3 BoE hold defined the day, with follow-through into a session low at 1.3336 during NY hours. Since then price has based in a 1.3345-1.3359 band on thinning late-NY volume, RSI(14) back to a neutral 54 and price still pinned under EMA20/EMA50.
Support: 1.3350, 1.3336
Resistance: 1.33589, 1.33735
What it said to watch
Close above the 1.33589 session high would extend the base toward 1.33735 swing high
Loss of the 1.335 range floor re-exposes the 1.3336 session low
UK Retail Sales at 06:00 GMT is the next scheduled catalyst for this range
Post-BoE breakdown then a flat late-NY range of higher lows off 1.3336.
The 6-3 BoE hold at 14:00 broker time knocked GBPUSD vertically from 1.3406 to 1.3360 in one bar, and NY hours extended the slide to a session low of 1.3336 before a shallow recovery. Since then price has coiled in a 1.3345–1.3359 range with volume drying into the close, RSI(14) back to neutral near 57 and ATR(14) compressed to roughly 6 pips.
Support: 1.3345, 1.3336, 1.3330
Resistance: 1.3359, 1.3366, 1.3395
What it said to watch
M15 close above the 1.33590 range top would put the 1.33660 swing high back in play
Loss of the 1.33450 range low re-exposes the 1.33360 session low and the 1.33300 psych level
UK Retail Sales at 06:00 GMT is the next scheduled catalyst and can reset this range read
Post-flush base, shallow higher lows inside a 14-pip range.
Sterling was flushed vertically from 1.3406 to 1.3350 on the BoE hold during the London-NY overlap, then ground down to a 1.33360 session low before basing. Last five hours are pure late-NY drift: price is pinned between the 1.33450 range floor and the 1.33590 range top, RSI(14) mid-50s/60s, ATR(14) down to ~7 pips with volume thinning into the close.
Support: 1.3345, 1.3336, 1.3330
Resistance: 1.3359, 1.3372, 1.33805
What it said to watch
M15 close above the 1.33590 range top would end the consolidation and expose 1.33720 swing high
Loss of the 1.33450 range floor re-opens the 1.33360 session low and the 1.33300 psych level
UK Retail Sales 06:00 GMT Friday is the next scheduled catalyst capable of breaking this range
20:31 UTC
Downtrend, momentum stalling into late NY · RSI 56 · price 1.33535
Post-BoE flush to 1.3336, then higher lows inside a 1.3345-1.3359 base.
The 11:00 GMT BoE hold at 3.75% in the expected 6-3 split triggered a vertical 45-pip drop from 1.3406, with the slide extending into the NY afternoon to a session low of 1.3336. Since then price has built a chain of higher lows off 1.33454 and is compressing under the 1.33589 session high, ATR down to ~5 pips with RSI(14) near 56.
Support: 1.33454, 1.3336
Resistance: 1.33589, 1.33661, 1.33735
What it said to watch
M15 close above the 1.33589 session high opens the 1.33661 prior high, then 1.33735 swing high
Loss of 1.33454 swing low breaks the higher-low chain and re-exposes the 1.3336 session low
UK Retail Sales at 06:00 GMT is the next scheduled catalyst and can reset this intraday range
20:16 UTC
Intraday downtrend, corrective bounce late NY · RSI 58 · price 1.33578
Post-BoE break lower, higher lows off the 1.3336 base.
The 11:00 GMT BoE hold triggered a vertical flush from 1.3406, and NY extended it to the session low at 1.3336 as the post-FOMC dollar held firm. Late-NY has ground back up in a chain of higher lows, price 1.33578 holding above EMA20 at 1.3352 but still capped by EMA50 at 1.3363, which sits on the 38.2% retrace of the drop; RSI(14) near 58, ATR(14) around 7 pips in thin conditions.
Support: 1.3352, 1.3345, 1.3336
Resistance: 1.3363, 1.3378, 1.3395
What it said to watch
M15 close above 1.3363 (ema50 / 38.2% fib) would open the 1.3378 swing high, with the 1.3395 ny high capping further extension
Loss of the 1.3345 higher low breaks the late-NY recovery chain and re-exposes the 1.3336 session low
UK Retail Sales at 06:00 GMT Friday can reset this intraday range before London
Higher lows off 1.33360 inside a tight late-NY range.
The vertical NY-session flush from 1.34060 to 1.33360 came on the hawkish Fed hike and the 'nothing-new' 6-3 BoE hold; since then price has ground out a chain of higher lows off the 1.33360 session low and is pressing the 1.33586 range top into the New York close. ATR(14) has compressed to under 7 pips and RSI(14) near 58 — recovery is drift, not impulse, with price above EMA20 but still under EMA50.
Support: 1.3349, 1.3336
Resistance: 1.33586, 1.3363, 1.33735
What it said to watch
Close above the 1.33586 range top opens the 38.2% fib near 1.3363 and the 1.33735 swing high
Loss of the 1.3349 micro base breaks the higher-low chain and re-exposes the 1.33360 session low
UK Retail Sales at 06:00 GMT is the next scheduled risk to this intraday structure
The post-BoE drop at 11:00 UTC took price vertically from 1.3406 to 1.3350, and after a failed recovery to 1.3395 the NY session ground out a lower low at 1.33360. Last four hours have compressed into a 1.33452–1.33557 range with ATR down to roughly 7 pips and RSI(14) recovering to 42 — no structural development in play late in NY.
Support: 1.33452, 1.3336, 1.3330
Resistance: 1.33557, 1.3363
What it said to watch
M15 close above the 1.33557 range top would put the 1.33630 swing high back in play
Loss of the 1.33452 range floor re-exposes the 1.33360 session low and the 1.3330 psych area
UK Retail Sales Fri 06:00 GMT is the next scheduled risk to this range read
19:16 UTC
Downtrend, momentum stalled into late NY · RSI 44 · price 1.33528
Lower highs into 1.3336 low, then 3h sideways base.
GBPUSD fell vertically from 1.3406 in the 11:15 UTC bar as the BoE's expected 6-3 hold gave stretched sterling longs nothing new, and NY hours extended the slide to a session low at 1.3336. The last three and a half hours have coiled in a tight 1.3345-1.33555 band with RSI(14) back to neutral near 44 and ATR(14) compressed to under 8 pips; supply capped each attempt at the 1.3366 swing high.
Support: 1.3345, 1.3336, 1.3330
Resistance: 1.33555, 1.3366, 1.3380
What it said to watch
M15 close above the 1.33555 range top would break the late-NY consolidation and put the 1.3366 swing high back in play
Loss of the 1.3345 range floor re-opens the 1.3336 session low and the 1.3330 psych area
UK Retail Sales Fri 06:00 GMT is the next scheduled catalyst able to reset this intraday range
Post-BoE leg lower, now basing in a tight late-NY range.
The in-line 6-3 BoE hold at 11:00 UTC knocked cable vertically off the 1.34060 London high, and the NY session extended the slide to a session low of 1.33360 before the bounce stalled beneath the 1.33550 range top. The last four hours are a tight 1.33450-1.33550 consolidation on a decaying 7.6-pip ATR, RSI(14) recovered to 49, with the 1.33710 swing pivot and 1.33950 bounce high the untested caps above.
Support: 1.3345, 1.3336, 1.3330
Resistance: 1.3355, 1.3371, 1.3395
What it said to watch
Close below the 1.33450 base floor re-exposes the 1.33360 session low and the 1.33300 psych level
Close above the 1.33550 range top invalidates the consolidation read and puts the 1.33710 swing pivot back in scope
Late-NY liquidity is thin; UK Retail Sales at 06:00 GMT is the next scheduled event able to reset this range
18:32 UTC
Downtrend, momentum flat at the lows · RSI 49 · price 1.33535
Lower highs into a tight 1.3345-1.3355 base.
The 11:00 GMT bar dropped vertically from 1.3406 to 1.3350 on the in-line 6-3 BoE hold, and NY hours extended the post-BoE leg down to a 1.3336 session low. Since then price has coiled in a 1.3345-1.33545 band with the range top capping four attempts and the 1.33805 rebound high untested; RSI(14) 48.7 and ATR(14) 7.5 pips show compression late in the NY session.
Support: 1.3345, 1.3336, 1.3330
Resistance: 1.33545, 1.3366, 1.33805
What it said to watch
M15 close above the 1.3366 prior high breaks the lower highs chain from the NY decline
Loss of 1.3345 range low puts the 1.3336 session low and the 1.3330 psych area back in play
UK Retail Sales Friday 06:00 GMT is the next scheduled catalyst for this base
18:16 UTC
Downtrend, momentum stalling at the lows · RSI 41 · price 1.33494
Chain of lower highs into a tight range above the 1.33360 session low.
The vertical break after the BoE hold dropped GBPUSD from 1.3406 to a 1.33360 session low, and the last ten bars have coiled into a tight 1.33360–1.33525 range with the range base at 1.33450 absorbing dips. RSI(14) near 40 and ATR(14) around 9 pips — compression into the late NY hours, with price still under both EMA20 and EMA50 and no reclaim attempt of the 1.33660 prior high.
Support: 1.3345, 1.3336, 1.3330
Resistance: 1.33525, 1.3366, 1.3378
What it said to watch
M15 close above the 1.33525 range top would put the 1.33660 prior high back in play
Failure to hold the 1.33360 session low confirms a lower low with 1.33300 psych beneath
UK Retail Sales at 06:00 GMT tomorrow is the next event risk capable of resetting this range
Lower highs and lows, now coiling above session low.
The 6-3 BoE hold at 11:00 UTC broke the London range vertically, dropping 1.3406 to 1.3360 in one bar; NY hours then extended the slide through 1.3363 and 1.3352 to a session low of 1.3336. Last two hours are a tight 1.3345-1.3352 consolidation under EMA20 (1.3357) into late NY, RSI(14) near 36 with ATR around 9.5 pips.
Support: 1.3336, 1.3330
Resistance: 1.3352, 1.3363, 1.3377
What it said to watch
M15 close above the 1.3352 range top, then 1.3363 swing high, would break the lower-high chain
Failure to hold 1.3336 session low exposes the 1.3330 round number
UK Retail Sales Fri 06:00 GMT is the next scheduled risk to this structure
Lower highs and lower lows since the BoE drop, now basing above 1.3336.
The BoE's in-line 6-3 hold knocked cable from 1.3406 to 1.3360 at the London fix hour, and after a failed push back to the 1.3395 post-boe high, NY hours have ground out lower highs into a 1.3336 session low. Last six bars are compressed in a 1.3345-1.3352 coil beneath the ema20 at ~1.3357, ATR(14) down to ~11.5 pips.
Support: 1.3336, 1.3330
Resistance: 1.3360, 1.3381, 1.3395
What it said to watch
A 15m close above 1.3360 prior high would break the lower-high chain that has capped every NY bounce
Failure to hold 1.3336 session low confirms a lower low with 1.3330 psych immediately beneath
UK Retail Sales Fri 06:00 GMT is the next scheduled input that could reset this intraday range
17:16 UTC
Downtrend, momentum flattening late NY · RSI 36 · price 1.33502
Chain of lower highs and lower lows, now compressing above the session low.
Sterling was flushed from 1.3406 on the BoE's in-line 6-3 hold, and after the bounce to 1.3395 was rejected, NY hours ground out lower highs into a 1.3336 session low with the hawkish-Fed dollar bid capping every attempt. Last six bars are compressing in a 1.3342-1.3352 box beneath EMA20, RSI(14) near 36, ATR(14) about 9 pips — no fresh structure late in the NY session.
Support: 1.3336, 1.3330
Resistance: 1.3360, 1.3377, 1.3395
What it said to watch
M15 close above 1.3377 swing high would break the lower-high chain
Loss of the 1.3336 session low exposes the 1.3330 round number
UK Retail Sales Fri 06:00 GMT is the next event able to reset this intraday range
Failure to reclaim the 1.3360 minor cap keeps the compression capped
Sterling extended the post-BoE-hold slide through the NY session, printing a session low at 1.3336 before basing in a tight 10-15 pip range into the late-NY hours, with RSI(14) near 28 and price below EMA20 and EMA50. The descending chain of lower highs from the 1.3395 boe high still caps, and the 1.3351 micro high is the immediate ceiling; ATR(14) around 9 pips shows the impulse has cooled.
Support: 1.3336, 1.3300
Resistance: 1.3351, 1.3363, 1.3395
What it said to watch
M15 close above the 1.3351 micro high would break the lower-high chain and put the 1.3363 swing pivot in play
Failure to hold the 1.3336 session low confirms another lower low and opens the 1.3300 round number
UK Retail Sales Friday 06:00 GMT is the next scheduled event that could reset this intraday structure
Chain of lower highs and lower lows since the London high; late-NY basing attempt off the session low.
GBPUSD sold off vertically from the 1.3406 london high on the BoE's in-line 6-3 hold and has printed successive lower highs through NY, bottoming at the 1.3336 session low before a modest bounce to 1.33494. Price is beneath both EMA20 and EMA50 with RSI(14) near 33 and ATR(14) around 11 pips; supply capped the last two attempts near the 1.3377 swing high.
Support: 1.3336, 1.3300
Resistance: 1.3377, 1.3395, 1.3406
What it said to watch
M15 close above the 1.3377 swing high would break the lower-high chain
Failure to hold the 1.3336 session low opens the path toward the 1.3300 psych level
UK Retail Sales at 06:00 GMT is the next scheduled event that could reset this intraday structure
16:31 UTC
Downtrend, momentum still heavy · RSI 31 · price 1.33474
Chain of lower highs and lower lows through NY hours.
The BoE hold knocked GBPUSD out of the London range near 1.3406 and NY has extended the slide in a clean lower-high, lower-low sequence, printing a session low at 1.3336 before the current 1.3347 close. Price is below both EMA20 and EMA50 with RSI(14) near 31 — soft but not extreme — and every bounce since the drop has been capped along the descending lower highs around 1.3360.
Support: 1.3336, 1.3300
Resistance: 1.3360, 1.3395, 1.3406
What it said to watch
M15 close back above 1.3360 breaks the lower highs chain
Failure to hold 1.3336 session low opens the path toward the 1.3300 round number
UK Retail Sales Fri 06:00 GMT is the next scheduled driver for this pair
16:16 UTC
Downtrend, extending through NY · RSI 28 · price 1.33453
Chain of lower highs and lower lows since the midday drop.
GBPUSD fell vertically from 1.3406 to 1.3360 on the in-line 6-3 BoE hold, and NY hours have extended the slide through a clean chain of lower highs to a session low at 1.3336. Price is now pressing the 1.3351 break level from beneath with RSI(14) near 28 and ATR(14) about 10 pips.
Support: 1.3336, 1.3330
Resistance: 1.3351, 1.3366, 1.3377
What it said to watch
A 15m close back above the 1.3351 break level ends the lower-high chain
Failure to hold 1.3336 session low exposes the 1.3330 psych area
Descending resistance off 1.3395/1.3377 ny high still capping every bounce
UK Retail Sales Fri 06:00 GMT is the next scheduled event risk for this read
Chain of lower highs and lower lows since the BoE hold; range base at 1.3370 broken.
The in-line 6-3 BoE hold knocked price off 1.3406 at midday and NY hours have kept selling it, breaking the 1.3370 range base and the 1.3353 prior low to print a session low at 1.33386. Price trades below EMA20 and EMA50 with RSI(14) near 23 — stretched but consistent with a one-way afternoon; ATR(14) ~11 pips.
Support: 1.33386, 1.3330
Resistance: 1.3353, 1.3370, 1.3395
What it said to watch
Loss of 1.33386 opens the 1.3330 round number as the next reference
A 15m close back above the 1.3353 broken low would be the first sign the downside impulse is stalling
Reclaiming the 1.3370 range base would invalidate the breakout read
UK Retail Sales Fri 06:00 GMT (MoM f/c -0.2%) is the next scheduled risk to this structure
Clean lower highs / lower lows since the NY open, price at session lows.
GBPUSD has ground out an unbroken chain of lower highs through the NY session after the in-line 6-3 BoE hold removed the hawkish surprise, with the 1.3406 high sold off hard and each bounce capped below the prior swing low. Price sits on the 1.33386 session low with RSI(14) near 21 and ATR(14) around 11 pips, so the leg is stretched but no rejection wick has printed yet.
Support: 1.33386, 1.3335, 1.3330
Resistance: 1.33532, 1.3363, 1.3377
What it said to watch
A 15-minute close back above 1.33532 prior low would break the lower-high chain
Loss of 1.3335 psych opens the 1.3330 round number as the next reference
UK Retail Sales Fri 06:00 GMT is the next scheduled risk to this intraday read
Lower highs, lower lows since the BoE drop; price basing on the session low.
The BoE hawkish hold knifed GBPUSD from 1.34041 to 1.33495 in one bar, and after a rebound capped at 1.33952 the NY session has ground out a fresh session low at 1.33507 — a near-exact match with the post-BoE spike low. Lower highs are intact under the 1.33805 swing pivot, RSI(14) at 38 with ATR(14) near 11 pips.
Support: 1.3350, 1.3330
Resistance: 1.33805, 1.33952, 1.34041
What it said to watch
M15 close above 1.33805 breaks the lower-high chain and invalidates the downtrend read
Loss of the 1.33500 session low confirms continuation toward the 1.33300 psych level
UK Retail Sales Fri 06:00 GMT and US Industrial Production 13:15 UTC could reset this intraday structure
15:16 UTC
Downtrend, grinding lower into NY close · RSI 41 · price 1.33541
Lower highs since the BoE drop, retesting session low.
The 6-3 BoE hold at 11:00 UTC broke price vertically out of the London range from the 1.34060 london high to a 1.33495 session low; the rebound stalled at the 1.33950 post-boe high and NY hours have printed a chain of lower highs (1.33950 > 1.33805 > 1.33661) back down onto that low. RSI(14) at 41 with price under both EMA20 and EMA50, ATR(14) ~11 pips — orderly, not extended.
Support: 1.33495, 1.3330
Resistance: 1.33805, 1.3395, 1.3406
What it said to watch
Failure to hold 1.33495 confirms a lower low and opens the 1.33300 round number
M15 close back above the 1.33805 swing high breaks the lower-high sequence
UK Retail Sales Fri 06:00 GMT (MoM f/c -0.2%) is the next event risk for this structure
Lower highs and lower lows through NY; 1.3370 range base broken.
The in-line BoE hold knocked GBPUSD from 1.3404 to a 1.33495 day low, and after a bounce that stalled at the 1.33952 post-boe hi, NY hours have carved a clean lower-high chain back to 1.3352. Price is below EMA20/EMA50 with RSI(14) near 34 and ATR(14) at ~13.5 pips; the 1.3370 base that held all morning has flipped to resistance.
Support: 1.33495, 1.3330
Resistance: 1.3377, 1.33952
What it said to watch
Failure to hold 1.33495 day low confirms another lower low with 1.3330/1.3300 psych as next reference
A 15m close back above the 1.33770 swing high breaks the lower highs sequence
UK Retail Sales Fri 06:00 GMT is the next scheduled catalyst for this range
Sequence of lower highs pressing back into the session low.
Cable was knocked from the 1.34060 day high in the London-NY transition and has since built a clean chain of lower highs — 1.33952, 1.33879, 1.33807 — with the last bar closing at 1.33543, back on the 1.33495 session low. RSI(14) near 40 and ATR(14) around 11 pips; price is below both EMA20 and EMA50, with the dollar leg still doing the work post-FOMC while the in-line BoE hold gave sterling no fresh fuel.
Support: 1.33495, 1.3330
Resistance: 1.33807, 1.33952, 1.3406
What it said to watch
A 15-minute close below the 1.33495 session low confirms a lower low, with 1.3330 psych the next reference
Reclaim of the 1.33807 lower high would break the lower-high sequence and neutralise the downtrend read
UK Retail Sales Fri 06:00 GMT is the next scheduled catalyst and could reset this intraday range
14:46 UTC
Downtrend, fresh lows into NY close · RSI 40 · price 1.33539
Lower highs off 1.3406, retesting session low.
Price broke sharply from 1.3406 into the 11:00 GMT BoE hold (6-3, fully in line) down to 1.33495, and the bounce to 1.33952 has since decayed through a clean chain of lower highs. NY hours have delivered a fresh push to 1.33524 with price under EMA20 and RSI(14) near 40 — not yet oversold — leaving the session low as the immediate reference.
Support: 1.33495, 1.3330
Resistance: 1.33782, 1.33952, 1.3406
What it said to watch
M15 close below the 1.33495 session low confirms a lower low and exposes the 1.3330 psych area
Reclaim of the 1.33782 lower high breaks the descending sequence and invalidates the downtrend read
UK Retail Sales Fri 06:00 GMT is the next scheduled catalyst and could reset this intraday structure
Lower highs since the BoE bounce, price back at the day's floor.
Two impulse legs lower define the window: the hawkish Fed hit at 18:00 broker time yesterday knocked the pair from 1.3455 to 1.3380, and the BoE hold repriced nothing but triggered a second flush to 1.33495. NY hours have produced a chain of lower highs from 1.33952, with the 1.33770 shelf lost and price closing 4 pips off the day low, RSI(14) near 39 and ATR(14) around 12.6 pips.
Support: 1.33495, 1.3340
Resistance: 1.3377, 1.33952
What it said to watch
Sustained trade below 1.33495 day low confirms continuation toward the 1.33400 psych area
Reclaim of the 1.33770 broken shelf would invalidate the lower-high sequence
UK Retail Sales Fri 06:00 GMT is the next scheduled catalyst for this pair
14:31 UTC
Downtrend, now stalled in range · RSI 41 · price 1.33769
Post-BoE range 1.3370-1.3395, lower highs since the bounce.
The in-line BoE hold at 11:00 GMT knocked the pair from the 1.3404 pre-boe high to a 1.33495 spike low before an immediate recovery into 1.3395. NY hours have been a 25-pip grind between the 1.33695 range low and a series of lower highs, RSI(14) near 41 and price under EMA20/EMA50, ATR ~13 pips.
Support: 1.33695, 1.33495, 1.3335
Resistance: 1.3395, 1.3404
What it said to watch
M15 close below 1.33695 confirms a lower low and exposes the 1.3335 next support
Reclaim of the 1.3395 bounce high invalidates the lower-highs sequence and reopens 1.3404
UK Retail Sales Fri 06:00 GMT is the next scheduled driver for this range
14:31 UTC
Downtrend, chopping sideways after the flush · RSI 42 · price 1.33769
Post-BoE range 1.3350-1.3395 with a chain of lower highs.
The in-line BoE hold at 11:00 GMT knocked GBPUSD 45 pips off the pre-BoE high at 1.34042 into a 1.33495 boe low, and NY hours have since traded a 1.3350-1.3395 range. Price is pinned near the 50% retracement of that drop, capped by a lower-high chain from the 1.33950 rebound high and holding below ema20 around 1.33820, with 1.33690 tested repeatedly.
Support: 1.3369, 1.33495
Resistance: 1.3382, 1.3395, 1.34042
What it said to watch
M15 close above the 1.33950 rebound high breaks the lower-high sequence and invalidates the range read
Failure to hold the 1.33690 session low re-opens the 1.33495 boe low
Reclaiming ema20 near 1.33820 on a closing basis would neutralise the intraday downside pressure
UK Retail Sales Fri 06:00 GMT is the next scheduled event able to reshape this range
Lower highs inside a 1.3369-1.3395 post-event range.
The London rally into 1.34060 was erased in one bar on the BoE's in-line 3.75% hold and 6-3 vote, with the wick down to the 1.33495 spike low quickly bought back to 1.33952. NY hours have since carved a tighter 1.3369-1.3395 range with a chain of lower highs, price pinned just under the ema20 near 1.3380 and RSI(14) mid-40s to low-40s.
Support: 1.3369, 1.33495, 1.3335
Resistance: 1.3380, 1.33952, 1.3406
What it said to watch
M15 close above 1.33952 rebound high breaks the lower-high sequence and reopens the pre-boe high at 1.34060
Loss of the 1.33690 session low confirms a lower low and exposes the 1.33495 spike low, then 1.3350 psych
ATR(14) near 12 pips — post-event range compression; expansion would come from US Fed speak or yield moves in the NY afternoon
The BoE hold at 3.75% with the 6-3 split knocked cable 44 pips off the 1.34060 london high in a single bar, with the spike low at 1.33495 swept and instantly bought back. NY hours have been corrective only: the bounce was rejected at 1.33952 (post-boe hi) and price is now compressing 1.33693-1.33810, pinned under the ema20 with RSI(14) near 41.
Support: 1.33693, 1.33599, 1.33495
Resistance: 1.3381, 1.33952, 1.3406
What it said to watch
M15 close above 1.33952 post-boe hi would break the lower-high sequence off the london high
Loss of 1.33693 session low re-exposes 1.33599 boe low and the 1.33495 spike low
Reclaiming the ema20 near 1.33810 on a closing basis neutralises the intraday downtrend read
UK Retail Sales Fri 06:00 GMT is the next scheduled risk for this pair
14:01 UTC
Intraday downtrend, post-event chop · RSI 41 · price 1.33731
Lower highs since the 1.33952 rebound high, price pressing the 1.33702 session low.
The 11:00 UTC BoE 6-3 hold knocked cable ~55 pips to a 1.33495 post-boe low that was immediately reclaimed, capping the bounce at the 1.33952 rebound high. NY hours have printed successive lower highs into 1.33807 and price is now sitting on the 1.33702 session low, RSI(14) near 41 with ATR(14) around 13 pips and price beneath both EMA20 and EMA50.
Support: 1.33702, 1.33495
Resistance: 1.33807, 1.33952
What it said to watch
M15 close below the 1.33702 session low reopens the 1.33495 post-boe low
Reclaim of the 1.33807 lower high, then the 1.33952 rebound high, breaks the lower-high sequence
UK Retail Sales Friday 06:00 GMT is the next scheduled event able to reset this range
Lower highs from 1.33952 pressing the 1.33692 asia low.
The BoE hold at 3.75% knifed cable from 1.3404 to a 1.33495 session low, but the spike was fully reclaimed within two bars — a false break below the 1.33692 asia low. The rebound stalled at the 1.33952 bounce high and price has since traced lower highs into the NY session, sitting at 1.33725 with RSI(14) near 38 and ATR(14) around 12.6 pips.
Support: 1.33692, 1.33599, 1.33495
Resistance: 1.33807, 1.33952, 1.3406
What it said to watch
M15 close above the 1.33807 trendline would break the lower-highs sequence
Sustained loss of the 1.33692 asia low re-opens the 1.33599 boe spike area and 1.33495 session low
Failure below 1.33952 bounce high keeps the pre-boe high at 1.34060 out of reach
UK Retail Sales Friday 06:00 GMT is the next scheduled risk to this read
Lower highs off the 1.33952 rebound high, holding above the 1.33695 asian low.
The BoE hold at 3.75% with the in-line 6-3 split flushed cable from 1.34060 to a 1.33495 session low in two bars, and the bounce to the 1.33952 rebound high has since unwound into a chain of lower highs (1.33952, 1.33879, 1.33807). Early NY hours have price pinned in a 1.33695-1.33880 pocket with RSI(14) near 38 and ATR(14) around 13 pips.
Support: 1.33695, 1.33495
Resistance: 1.33807, 1.33952, 1.3406
What it said to watch
M15 close below the 1.33695 asian low reopens the 1.33495 session low
Reclaim of the 1.33952 rebound high invalidates the lower-high chain
US Pending Home Sales 14:00 GMT lands in the next bars and can reprice this range
UK Retail Sales Friday 06:00 GMT is the next scheduled event risk for GBP
Lower highs off 1.3395 after the BoE spike low; price pinned to the 1.3370 shelf.
The BoE hold (6-3, 3.75%) at 11:00 UTC knocked cable off the 1.34042 london high straight into 1.33495, and the recovery stalled at the 1.3395 bounce high. Since then it's been a lower-high chain — 1.3395, then 1.3388 — with price grinding back onto the 1.33695 asia low shelf into NY hours; RSI(14) at 38 and ATR(14) near 12 pips.
Support: 1.33695, 1.33599, 1.33495
Resistance: 1.3388, 1.3395, 1.34042
What it said to watch
M15 close below the 1.33695 asia low re-opens the 1.33599 boe low and the 1.33495 spike low
Reclaim of the 1.3395 bounce high invalidates the lower-high sequence built since the BoE decision
UK Retail Sales Friday 06:00 GMT is the next scheduled catalyst for this range
13:31 UTC
Two-way, lower highs since London · RSI 41 · price 1.33771
Post-BoE range, price mid-range under ema20.
The 11:00 UTC BoE hold (6-3, in line) knifed cable from the 1.3406 London high to 1.3350, but the spike below the 1.3369 Asian low was reclaimed within two bars — a false break — and the bounce stalled at 1.3395. Early NY has price back at 1.3377, capped by ema20 near 1.3383 with a lower-high chain from 1.3406 to 1.3395 intact; RSI(14) ~41, ATR(14) ~13 pips.
Support: 1.3369, 1.3350
Resistance: 1.3383, 1.3395, 1.3406
What it said to watch
M15 close below the 1.3369 asian low re-opens the 1.3350 boe low
Reclaim of 1.3383 ema20 and then the 1.3395 post-boe hi would negate the lower-high chain
UK Retail Sales Friday 06:00 GMT is the next scheduled risk to this range read
13:31 UTC
Downtrend, bounce fading · RSI 42 · price 1.33771
Lower highs since the post-BoE bounce, price mid-range above the asian low.
The BoE hold at 11:00 GMT knifed cable from 1.34060 down to 1.33495, a false break below the prior 1.3375 area that was reclaimed within two bars, with the recovery stalling at 1.33952. London-NY hours have since carved lower highs (1.33952, 1.33879) while 1.33692 asian low holds; RSI(14) near 42 and ATR(14) around 12.5 pips after the 44-pip decision bar.
Support: 1.33692, 1.33495
Resistance: 1.33952, 1.3406
What it said to watch
M15 close above the 1.33952 bounce high breaks the lower-high chain
Loss of 1.33692 asian low puts the 1.33495 boe low back in play
UK Retail Sales Friday 06:00 GMT is the next scheduled risk to this intraday structure
The 11:00 UTC BoE hold knifed cable from the 1.34060 london high to a 1.33495 session low, then the whole move was bought back to 1.33950 — a false break of the asian low at 1.33690 rather than a trend leg. Price has since faded to 1.33749 on lower highs into the NY open, under EMA20 (1.3383) and EMA50 (1.3388), RSI(14) mid-range at 45 and ATR(14) at ~12.7 pips.
Support: 1.3369, 1.33599, 1.33495
Resistance: 1.3395, 1.3400, 1.3406
What it said to watch
M15 close below the 1.33690 asian low re-opens the 1.33599 post-boe low and 1.33495 session low
Reclaim of the 1.33950 rebound high is needed to put the 1.34000 psych level and 1.34060 london high back in play
Failure to hold 1.33690 confirms a fresh lower low for the NY session
UK Retail Sales 06:00 GMT tomorrow could reset this intraday range
Lower highs since the post-BoE low; London high broken then reclaimed lower.
The London push through the Asia range topped out at the 1.34060 london high before the BoE's 6-3 hold at 3.75% knocked cable 55 pips into 1.33495 in two bars. The bounce stalled at the 1.33950 post-BoE high and price is back mid-range at 1.33749, under EMA20 and EMA50 with RSI(14) near 42 and ATR(14) at roughly 13 pips.
Support: 1.3370, 1.33495
Resistance: 1.3395, 1.3406
What it said to watch
M15 close below 1.33700 asia low re-exposes the 1.33495 post-boe low
Reclaim of the 1.33950 post-boe high breaks the lower-highs sequence off the post-BoE drop
UK Retail Sales Friday 06:00 GMT is the next scheduled risk that can reset this intraday range
Lower highs from 1.3406; balancing inside 1.3350-1.3395 post-BoE range.
Price sold off from the 1.3406 London high into the in-line BoE hold at 11:00 GMT, flushing through the 1.3370 asia low to a 1.3350 session low before recovering the entire move within the hour. Two attempts at the 1.3395 post-boe hi have been capped and the last three bars are coiling at 1.3385-1.3387 with RSI(14) back near neutral, ATR(14) ~12 pips.
Support: 1.3370, 1.3350
Resistance: 1.3395, 1.3406
What it said to watch
M15 close above the 1.3395 post-boe hi opens the path back to the 1.3406 london high
Loss of the 1.3370 asia low re-exposes the 1.3350 session low and confirms the false break was not the extreme
US Pending Home Sales 14:00 GMT and UK Retail Sales Friday 06:00 GMT are the near-term catalysts for this range
The in-line 6-3 BoE hold at 11:00 GMT knocked cable 45 pips off 1.3406 and swept the asia low into a 1.33495 spike low, which was immediately reclaimed. Price has since rebuilt into the 1.3370-1.3395 range, stalling twice at the 1.3395 session high after the US claims/Philly Fed print, with RSI(14) back to a neutral 47 and ATR(14) at ~12 pips.
Support: 1.3369, 1.33495
Resistance: 1.3395, 1.3406
What it said to watch
M15 close above the 1.3395 session high puts the 1.3406 pre-boe high back in play
Loss of 1.3369 asia low re-opens the 1.33495 spike low and voids the range read
US Pending Home Sales at 14:00 GMT can drive the next NY-hours leg
Lower highs after BoE range break, holding mid-range.
London pushed to 1.34060 before the in-line 6-3 BoE hold at 11:00 GMT knocked cable through the Asia range in one bar to a session low of 1.33495. The bounce stalled at 1.33952 into the 12:30 GMT US claims/Philly Fed print, leaving price pinned near the 61.8% retracement of the BoE drop, under EMA20 and EMA50, RSI(14) mid-40s.
Support: 1.3370, 1.33599, 1.33495
Resistance: 1.33952, 1.3406
What it said to watch
M15 close above the 1.33952 rebound high would break the post-BoE lower-high sequence
Loss of the 1.33700 asia low reopens the 1.33599 spike wick and 1.33495 session low
US Pending Home Sales at 14:00 GMT falls inside the next few bars and could reset the intraday range
Intraday range 1.3350-1.3406; overnight low swept and reclaimed.
The in-line BoE 6-3 hold at 11:00 GMT knocked Cable ~44 pips from the london high at 1.34060 to a session low of 1.33495, a false break of the asian low near 1.33695 that was almost fully retraced within the hour. Price is now stalling at the 61.8% fib of that drop around 1.33845, with the rebound high at 1.33952 still intact and RSI(14) back to neutral at 44; ATR(14) ~11.5 pips.
Support: 1.33695, 1.33495, 1.3335
Resistance: 1.33845, 1.33952, 1.3406
What it said to watch
M15 close above the 1.33952 rebound high puts the london high at 1.34060 back in play
Failure to hold 1.33695 asian low re-opens the 1.33495 session low and the 1.3335 psych level
London HL line was broken by the BoE drop and no longer holds as support
US claims / Philly Fed at 12:30 GMT and Pending Home Sales at 14:00 GMT can override this intraday structure
12:31 UTC
No clear trend, sharp recovery off session low · RSI 48 · price 1.33923
False break below the asian low, price back inside the pre-BoE range.
London morning ground up to a 1.3406 session high before the BoE hold at 11:00 GMT triggered a 56-pip flush into 1.3350, which was fully retraced within three bars — a false break of the 1.3369 asian low. Price now sits at 1.33923, right on the 78.6% retracement of that drop, with RSI(14) back to a neutral 48 and ATR(14) at ~11 pips after the spike.
Support: 1.3383, 1.3369, 1.3350
Resistance: 1.3400, 1.3406
What it said to watch
US claims / Philly Fed at 12:30 UTC lands on the next bar and can override this micro structure
A close above the 1.3406 session high would negate the post-BoE flush entirely
Failure to hold 1.3369 asian low re-exposes the 1.3350 session low
Rejection at the 1.3400 round number would keep the day's range intact
12:31 UTC
Range-bound, corrective bounce off the spike low · RSI 47 · price 1.33923
1.3370-1.3406 range intact; BoE spike low unwound in four bars.
The 11:00 GMT BoE hold (6-3, fully priced) knocked cable 55 pips to a 1.33495 spike low, but the move was fully retraced inside four bars and price is back at 1.33923 with the rebound high at 1.3395 capping. Net effect is a false break of the 1.3369 range floor: the London range 1.3370-1.3406 that formed after Wednesday's Fed-driven slide is still the operative structure, RSI(14) back to a neutral 47.
Support: 1.3369, 1.33495
Resistance: 1.3395, 1.3406
What it said to watch
M15 close above the 1.3406 pre-boe high would break the day's range top
Failure to hold the 1.3369 range floor re-exposes the 1.33495 spike low
US claims / Philly Fed at 12:30 UTC land on this bar and can re-rate the whole intraday range
Lower highs from 1.3406; overnight range low broken then reclaimed.
London pushed to a session high of 1.3406 before the BoE's in-line 3.75% hold knocked cable 45 pips in one bar, through the asian low at 1.3370 to a spike low of 1.3350. Price has since recovered into the prior overnight range, stalling at the 1.3386 bounce high with RSI(14) at 42 and price under both EMA20 and EMA50 — the break below the asian low has so far not held.
Support: 1.33642, 1.33695, 1.33495
Resistance: 1.33857, 1.3406
What it said to watch
Acceptance above the 1.3386 bounce high would put the 1.3406 session high back in play
A close back under 1.33642 (bounce low) confirms a lower low and re-exposes the 1.3350 spike low
US claims / Philly Fed cluster at 12:30 UTC lands into the NY open and can reset this intraday range
UK Retail Sales Fri 06:00 GMT is the next scheduled GBP-side risk
12:16 UTC
Downtrend, corrective bounce off the low · RSI 43 · price 1.3380
Post-BoE lower low at 1.3350 immediately reclaimed; choppy 1.3350-1.3386 range.
The in-line BoE hold at 11:00 GMT knocked cable from the 1.3406 pre-boe high to a 1.3350 session low in two bars, the second printing a 44-pip range, before the level was reclaimed straight back above the 1.3369 asia low. Price is now stalling at the 1.3386 bounce high with EMA20 just overhead, RSI(14) near 43 after the flush and ATR(14) at 11 pips.
Support: 1.3369, 1.3350, 1.3335
Resistance: 1.3386, 1.3400, 1.3406
What it said to watch
US claims / Philly Fed at 12:30 UTC lands in the next bar and can reprice the whole intraday range
M15 close above 1.3400 psych, then the 1.3406 pre-boe high, would invalidate the post-BoE lower-low read
Failure to hold the 1.3350 session low exposes the 1.3335 next shelf
Repeated rejection at the 1.3386 bounce high keeps the 1.3350-1.3386 range intact
False break above Asian range, price back at its floor.
London ground up to a 1.34060 session high before the BoE's in-line 3.75% hold at 11:00 UTC dumped cable 44 pips in a single bar to a 1.33495 session low — a false break of the Asian range that has now fully reversed back inside it. Price is stalling on the 1.33690 asian low with RSI(14) near 40, both EMA20 and EMA50 overhead, and ATR(14) around 10 pips.
Support: 1.3369, 1.3360, 1.33495
Resistance: 1.3395, 1.3406
What it said to watch
Failure to hold the 1.33690 asian low re-exposes the 1.33600 post-boe low and the 1.33495 session low
Reclaim of 1.33950 mid-range would negate the post-BoE rejection; 1.34060 session high caps above
The rising support off 1.33695 that carried the London leg is already broken — a close back above it would repair intraday structure
US claims and Philly Fed at 12:30 UTC land in the next bar and can reset this range
Lower low at 1.3350, consolidating under broken uptrend.
The 11:00 GMT BoE hold at 3.75% on the expected 6-3 split knocked cable straight out of its London range: rejection at the 1.3406 london high, a 44-pip impulse bar and a session low at 1.33495. Price has since stalled in a tight 1.3360-1.33734 shelf, holding the wick base but unable to clear the post-boe hi, with the 1.3400 round number now well above and RSI(14) near 37.
Support: 1.3360, 1.33495
Resistance: 1.33734, 1.3400, 1.3406
What it said to watch
US claims / Philly Fed at 12:30 UTC lands inside the next bar and can resolve this consolidation either way
Loss of the 1.3360 wick base and the 1.33495 session low confirms continuation of the lower-low sequence
M15 close back above the 1.33734 post-boe hi would repair the shelf; only a reclaim of the 1.3400 round number invalidates the range break read
Broken uptrend off the overnight lows now sits overhead as reference after the BoE drop
11:53 UTC
Downtrend, impulsive leg lower · RSI 40 · price 1.33653
London range broken to the downside; lower highs since 1.3406.
The steady London grind up to the 1.3406 london high was erased in two bars, a 45-pip flush to a 1.33495 session low consistent with the broad safe-haven USD bid flagged in the digest. Price is now capping under the 1.33734 bounce high with RSI(14) near 40 and both EMA20 (1.3384) and EMA50 sitting above spot; ATR(14) has expanded to ~10.5 pips.
Support: 1.33495, 1.3340
Resistance: 1.33734, 1.3384, 1.3406
What it said to watch
Reclaim of 1.33734 bounce high, then the 1.3384 ema20, would negate the downside range break
Failure to hold 1.33495 session low exposes the 1.3340 round number
NY open in under two hours can re-price the post-flush balance; US CPI remains the week's swing factor per digest
Lower highs from 1.34042; Asian range low taken out, corrective rebound capped at 1.33734.
London's grind up to 1.34042 failed and price dumped 55 pips in one bar at 11:00 UTC, breaking the rising London trendline and slicing through the Asian range low to a session low at 1.33495 — consistent with the Hormuz-driven USD safe-haven bid in the digest. The bounce stalled at 1.33734 and the last close at 1.33653 sits well below EMA20 near 1.33885, with RSI(14) around 40 after the flush.
Support: 1.33599, 1.33495
Resistance: 1.33734, 1.33885, 1.34042
What it said to watch
M15 close back above 1.33734 rebound high would question the range break lower
Failure to hold 1.33599 drop bar low re-exposes the 1.33495 session low
Reclaim of EMA20 at 1.33885 would neutralise the lower-high sequence
Further Hormuz / US CPI headlines can move this pair faster than ATR(14) ~10 pips implies