Lower highs and lower lows inside a 1.3320-1.3400 band.
Since Monday's session open near 1.3383 the pair has failed to reclaim the 1.3400 round number, and Tuesday's day high at 1.3387 was followed by two distribution legs — one in the London morning, the second through NY hours — that dragged price to the 1.3321 week low as the dollar held two-month highs on hawkish Fed repricing and the UK borrowing overshoot kept sterling heavy. The late-NY bounce stalled at 1.3349, leaving price below EMA20 near 1.3352 with RSI(14) around 42 and no bullish divergence at the new low. The series of lower highs from 1.3400 down through 1.3387 remains the defining feature of the week so far.
Support: 1.3321, 1.3300
Resistance: 1.3352, 1.3387, 1.3400
What it said to watch
UK flash PMIs Wed 08:30 UTC and US flash PMIs 13:45 UTC are the session's structural risk for this read
An hourly close back above the 1.3352 ema20 would break the lower highs sequence
Loss of the 1.3321 week low on a closing basis opens the 1.3300 psych area
Acceptance back above 1.3387 day high would put the 1.3400 round number cap back in play
Lower highs since Monday, fresh lower low under the 1.3335 shelf.
Price has traded below EMA(20) all of Tuesday after the London session rejected the 1.3387 day high and broke the 1.3335 shelf that held last week, with the NY session extending to a 1.3321 session low as the August borrowing overshoot reinforced the UK fiscal overhang against a firm dollar. The weekly open near 1.3383 is now well overhead and each bounce since Monday's 1.3400-area stall has been sold into a lower high, leaving 1.3400 as an unbroken cap for a fourth session. The last two hours have recovered toward 1.3343 but the move stalls just under EMA(20) at 1.3353, so the breakdown has not been reclaimed.
Support: 1.3321, 1.3300
Resistance: 1.3353, 1.3387, 1.3400
What it said to watch
H1 close back above the 1.3387 day high would break the lower-high sequence off Monday's 1.3400 cap
Failure to hold the 1.3321 session low puts the 1.3300 round number in play as the next reference
Sustained trade back above ema20 at 1.3353 would neutralise the intraday breakdown read
UK flash PMIs at 08:30 UTC and US flash PMIs at 13:45 UTC Wednesday can reset this structure within one or two bars
20:01 UTC
Downtrend, fresh lows into NY · RSI 31 · price 1.33346
Lower highs and lower lows since Monday's open; last week's 1.3335 floor broken.
Cable has trended lower all week: Monday's open at 1.3383 marked the high water mark near 1.3400 psych, and each London and NY session since has printed a lower high, with today's 1.3387 prior high rejected before a two-stage slide to 1.3321, the session low. The August Public Sector Net Borrowing overshoot (£18.27B vs £15.7B) plus a Dollar at two-month highs did the damage, dragging price through last week's 1.3335 floor and leaving it pinned under the 1.3352 ema20. RSI(14) at ~31 is the weakest reading of the window and the closing bars are stalling just above 1.3300 round number rather than bouncing.
Support: 1.3321, 1.3300
Resistance: 1.3352, 1.3387, 1.3400
What it said to watch
UK flash PMIs Wed 08:30 UTC and US flash PMIs 13:45 GMT can materially reset this read
Failure to hold 1.3300 round number would extend the lower-low sequence
An hourly close back above the 1.3352 ema20 would neutralise the week's downtrend structure
Reclaiming 1.3387 prior high puts the 1.3400 psych cap back in play
19:02 UTC
Downtrend, momentum still dominant · RSI 34 · price 1.33297
Lower highs and lower lows; last week's range floor broken.
GBPUSD rolled over from 1.3387 in early Tuesday hours and has ground lower through London and the NY session, slicing last week's 1.3335 shelf after the UK August borrowing overshoot and posting a session low at 1.3323. Price sits below the 1.3353 ema20 for a second straight session, with the 1.3400 4-day cap and Tuesday's tue high at 1.3387 defining a clean lower-highs sequence off Monday's 1.3400 failure. RSI(14) at 33.9 is at the low end of its weekly band but not yet oversold, and the 11:00 broker-hour spike to 1.3326 was the only meaningful bid of the day.
Support: 1.3323, 1.3300
Resistance: 1.3353, 1.3387, 1.3400
What it said to watch
An H1 close back above the 1.3353 ema20 would neutralise the lower-highs sequence
Failure to hold the 1.3323 session low extends the wk down leg toward the 1.3300 psych level
UK flash PMIs Wed 08:30 GMT and US flash PMIs 13:45 GMT are the week's main scheduled catalysts for this pair
A reclaim of 1.3387 tue high would put the 1.3400 4-day cap back in play
18:01 UTC
Downtrend, momentum accelerating late NY · RSI 31 · price 1.33295
Lower highs and lower lows since Tuesday's London high; week's range floor given way.
Cable opened the week near 1.3383 and spent Monday coiling under the week high at 1.3400, then rolled over through Tuesday's London and NY sessions after August public sector net borrowing missed at £18.268B vs £15.7B, reviving fiscal-headroom concerns while a firm dollar held its bid on hawkish fedspeak. The 1.3387 prior high capped the last attempt higher before a two-leg slide took price through the mid-1.3330s to a session low at 1.3321, with the ema20 near 1.3358 now sitting above price and unrecovered on the last five bars. RSI(14) at ~31 is at the low end of this week's cycle, and the 1.3300 round number is the next referenced level beneath.
Support: 1.3321, 1.3300
Resistance: 1.3358, 1.3387, 1.3400
What it said to watch
UK flash PMIs Wed 08:30 GMT and US flash PMIs 13:45 UTC are the week's main catalysts and could materially shift this read
An hourly close back above the ema20 at 1.3358 would question the lower-high sequence
Acceptance below the session low at 1.3321 leaves 1.3300 as the next area to monitor
A recovery through 1.3387 would put the 1.3400 week high back in play
17:02 UTC
Downtrend, extending into NY · RSI 31 · price 1.33246
Lower highs, lower lows; last week's 1.3335 floor broken.
Cable spent Monday pinned in a 1.3365–1.3400 band before today's London session cracked it: the August Public Sector Net Borrowing miss (£18.27B vs £15.7B) knocked price through the 1.3387 Tuesday high pivot and produced a spike into 1.3326, and the NY session has since pressed to a fresh 1.3323 session low. That takes out last week's 1.3335 prior low, which now sits overhead as the first reference, with EMA(20) around 1.3355 rolling over and capping every bounce since midday. RSI(14) near 30 is the most stretched reading of the four-day window, but each recovery attempt has been shallower than the last, and 1.3300 is the next round-number marker below.
Support: 1.3323, 1.3300
Resistance: 1.3335, 1.3355, 1.3387
What it said to watch
An hourly close back above 1.3335 prior low would invalidate the range-break read
Failure to hold 1.3323 session low puts the 1.3300 psych level in play
Reclaiming ema20 near 1.3355 would be the first sign the lower-highs sequence is breaking
UK flash PMIs Wed 08:30 GMT and US flash PMIs 13:45 UTC are the nearest catalysts capable of resetting this structure
Series of lower highs under 1.3400; failed probe of last week's low.
Lower highs have dominated the week: the hawkish-Fed drop from 1.3461 on Wednesday set the tone and 1.3400 has capped every attempt since, a four-session cap. Tuesday's London session printed a spike low at 1.3326 after the £18.3B PSNB miss before recovering the whole wick, but price has since faded back to the session low at 1.3342 and closes NY hours beneath the EMA20 at 1.3364. RSI(14) near 40 has not reached oversold, and Monday's prior high at 1.3387 is the nearest supply capping bounces.
Support: 1.3342, 1.3326, 1.3300
Resistance: 1.3364, 1.3387, 1.3400
What it said to watch
An hourly close below the 1.3342 session low confirms a lower low, with 1.3300 psych the next reference beneath the spike low
Reclaiming the 1.3364 ema20 and pushing through the 1.3387 prior high would break the lower-high sequence and put the 1.3400 4-sess cap back in play
UK flash PMIs Wed 08:30 UTC and US flash PMIs 13:45 UTC are the next scheduled catalysts capable of resetting this structure
Lower highs since Monday's open, weekly low swept and reclaimed.
GBPUSD has leaked lower in every session since Monday's weekly open at 1.3383, and Tuesday's London hours produced the week's dominant move — a flush to 1.33261 that took out last week's 1.3335 base and was bought straight back, leaving a false break rather than a trend extension. Price now sits under the EMA20 at 1.33668 with RSI(14) at 42, and the 1.3400 psych cap remains unchallenged for a fourth session; August's £18.268B borrowing overshoot versus £15.7B expected plus a firm hawkish-Fed dollar account for the drift. The 1.3354 day low has been defended three times since the flush, keeping the last five hours in a tight 25-pip shelf.
Support: 1.3354, 1.33261, 1.3300
Resistance: 1.33668, 1.3387, 1.3400
What it said to watch
Hourly close back above the ema20 at 1.33668 and through Tuesday's high at 1.3387 would break the lower-highs sequence
Loss of the 1.3354 day low and a sustained break of the 1.33261 tue low puts the 1.3300 psych level in play
UK flash PMIs Wed 08:30 UTC and US flash PMIs Wed 13:45 UTC are the near-term events capable of resetting this range
Fed's Barkin at 17:00 UTC today could re-price the dollar leg inside the current session
Lower highs since Monday's open, this week's range floor broken intraday then reclaimed.
Price has traded under EMA(20) since Monday's Asian open, with every bounce this week capped below the weekly open at 1.3387 and the 1.3400 weekly high left untested. The London session today produced the impulse: a flush to 1.3326 that took out last week's 1.3335 prior low after the August PSNB miss (£18.3bn vs £15.7bn) landed on top of a firm dollar, but the move was immediately reclaimed and the pair has since chopped in a 1.3353-1.3371 band under EMA(20). RSI(14) at 43 sits mid-range, consistent with the sideways drift rather than fresh downside extension.
Support: 1.3335, 1.3326, 1.3300
Resistance: 1.3369, 1.3387, 1.3400
What it said to watch
An hourly close back above the 1.3369 ema20 and then 1.3387 weekly open would invalidate the lower-high sequence
Failure to hold 1.3335 prior low again re-opens the 1.3326 session low and the 1.3300 round number
UK flash PMIs Wed 08:30 UTC and US flash PMIs Wed 13:45 UTC are the next scheduled catalysts capable of resetting this week's range
Lower highs since Monday's open, 1.3335 low swept and reclaimed.
Since Monday's session open GBPUSD has carved lower highs from 1.3400 into the 1.3387 day high, with the dominant move of the week coming in this morning's London session: a slide through last week's 1.3335 prior low to 1.3326 that was immediately bought back, leaving a false break rather than a clean lower-low sequence. The 1.3400 weekly high remains the cap after August's Public Sector Net Borrowing miss (£18.27bn vs £15.7bn) revived UK fiscal concerns against a firm dollar. Price is pinned just under the EMA20 at 1.3369 with RSI(14) near 46, so the four-day range structure between 1.3335 and 1.3400 is still intact.
Support: 1.33353, 1.33261, 1.3300
Resistance: 1.3369, 1.3387, 1.3400
What it said to watch
UK flash PMIs Wed 08:30 UTC and US flash PMIs 13:45 UTC are the next material tests of this range read
An hourly close back above the 1.3369 ema20 and then the 1.3387 day high would neutralise the lower-high sequence
Failure to hold the 1.33353 prior low again, with acceptance below the 1.33261 session low, confirms a lower low toward the 1.3300 psych level
A close above the 1.3400 weekly high breaks the three-session cap that has defined the week
Lower highs since Monday; last week's 1.3335 low breached and reclaimed.
Cable has spent Monday and Tuesday grinding under a sequence of lower highs — 1.3400 capped Monday's NY session, then 1.3387 held in early London today before a sharp two-bar slide took price to 1.33261, briefly under last week's 1.3335 low, with the August PSNB overshoot (£18.27bn vs £15.7bn) and a firm post-Fed dollar the stated backdrop. The move was reclaimed inside the hour and price is back at 1.33653, just beneath the H1 EMA(20) around 1.3370, so the break below last week's low currently reads as a false break rather than continuation. RSI(14) near 45 has cycled in the 35-55 band all week without confirming the new low, leaving the 1.3326-1.3400 band as the working range.
Support: 1.3326, 1.3300
Resistance: 1.3370, 1.3387, 1.3400
What it said to watch
Hourly closes back above 1.3370 (ema20) and then 1.3387 session high would negate the lower-highs sequence
Acceptance below the 1.3326 session low reopens the 1.3300 psych level
Failure at 1.3400 a fourth time keeps the capped-3x ceiling intact
UK flash PMIs Wed 08:30 GMT and US flash PMIs Wed 13:45 UTC are the nearest catalysts capable of resetting this range
Since Monday's open at 1.3383 price has been pinned under the 1.3400 weekly cap, with the Monday NY session fading the 1.33999 high and the pair grinding back to the 1.3367 range base. Tuesday's London hours broke that base after the £18.3bn August public borrowing overshoot, printing a 1.33261 spike low before the hour closed back at 1.3357 — a false break of last week's prior wk low at 1.3335. Price is now below EMA20 (1.3369) and EMA50 (1.3375) with RSI(14) at 43 and ATR(14) near 11.5 pips.
Support: 1.33261, 1.33353, 1.3300
Resistance: 1.3369, 1.3387, 1.3400
What it said to watch
An H1 close back above the 1.3369 ema20 would neutralise the break-lower read
Acceptance below the 1.33261 spike low confirms a lower low and exposes the 1.3300 round number
Reclaim of the 1.3387 day high puts the 1.3400 weekly cap back in focus
UK flash PMIs Wed 08:30 UTC and US flash PMIs 13:45 UTC are the week's main catalysts for this pair
09:01 UTC
Downtrend, fresh leg lower · RSI 38 · price 1.3353
Lower highs since Monday, week low broken.
Sterling spent Monday and the Asian hours pinned in a 1.3362–1.3400 band before the London session pushed it through the lower edge, printing a fresh week low at 1.3353 and leaving price below both EMA(20) near 1.3372 and the 1.3387 weekly open. The 1.3400 cap has now rejected four attempts across this and last week, and the £18.3bn August borrowing overshoot plus firmer October Fed pricing sit behind the lower highs. RSI(14) has cycled down to the high-30s without reaching oversold, so the move has room before it stretches.
Support: 1.3353, 1.3335, 1.3300
Resistance: 1.3372, 1.3387, 1.3400
What it said to watch
UK flash PMIs Wed 08:30 GMT are the nearest high-impact catalyst and could reset this structure
Failure to hold 1.3353 puts last week's low at 1.3335 and then the 1.3300 round number in focus
An hourly close back above EMA(20) at 1.3372 and the 1.3387 weekly open would negate the range break read
Any reclaim of the 1.3400 cap breaks the sequence of lower highs
Since last Wednesday's Fed-driven slide from 1.3475 and Thursday's 1.3336 week low, GBPUSD has done nothing but consolidate, and this week has stayed inside that band: Monday's NY session capped at 1.33999 just under the 1.3400 range top, and Tuesday's London open push to the 1.3387 session high was rejected straight back under the EMA20 at 1.3375. Tuesday's Asia low at 1.3360 marks the near-side floor, with the overshoot in UK public sector borrowing (£18.268B vs £15.7B) a mild drag but the tone still USD-led. RSI(14) at 47 sits mid-range and has not reached an extreme in three sessions, consistent with compression rather than trend.
Support: 1.3360, 1.3336, 1.3300
Resistance: 1.33747, 1.3387, 1.3400
What it said to watch
Hourly close above 1.3400 range top invalidates the range read and exposes 1.3435
Failure to hold the 1.3360 asia low reopens 1.3336 week low, with the 1.3300 psych level behind it
Reclaiming and holding the ema20 at 1.3375 would neutralise this week's lower-high sequence
UK flash PMIs Wed 08:30 UTC and US flash PMIs Wed 13:45 UTC are the events capable of breaking this compression
07:01 UTC
Downtrend stalled, now sideways · RSI 51 · price 1.33778
Compression between 1.3360 and 1.3400 after last week's impulsive drop; lower highs since Monday's NY session.
Cable opened the week at 1.3383 and has since traced a 40-pip band, with Monday's NY session pushing into 1.3400 and being rejected just shy of the round number before drifting back to the week low at 1.3360 overnight. The Asia and early London hours have lifted price back onto the EMA20 near 1.3374, but the sequence of lower highs since Monday's rejection is intact, and August public sector borrowing overshooting at £18.27B has muted the recovery attempt. RSI(14) is pinned near 51 with ATR compressed under 10 pips — classic pre-event coiling rather than directional flow.
Support: 1.3374, 1.3360, 1.3336
Resistance: 1.3400, 1.3435
What it said to watch
UK flash PMIs Wed 08:30 UTC is the nearest high-impact catalyst and could materially shift this read
An H1 close above the 1.3400 round number invalidates the range read and puts 1.3435 prior high in view
Failure to hold the 1.3360 week low re-opens the 1.3336 sept low
Sustained trade back under the ema20 would keep the lower-highs sequence dominant
06:01 UTC
Range-bound after last week's drop, mild upward drift · RSI 57 · price 1.33865
Sideways since Monday's open, 1.3400 cap vs 1.3360 base.
The dominant move in this window was the two-step slide off 1.3497 — the FOMC hike on Wednesday knocked price 70 pips in one hour, and Thursday's BoE hold plus QT overhaul extended it to the 1.33353 week low. Since Monday's open at 1.3383 price has done nothing but rotate in a ~40 pip band, with the range top at 1.3400 rejecting Friday's and Monday's NY attempts and demand stepping in around 1.3360. Asia hours today lifted price off 1.3360 back above EMA20 at 1.3374, RSI(14) near 57 and mid-range.
Support: 1.3374, 1.3360, 1.33353
Resistance: 1.3400, 1.3406
What it said to watch
H1 close above the 1.3400 range top invalidates the range read and exposes the 1.3406 pre-BoE high
Loss of 1.3360 confirms a lower low against Monday's base and reopens the 1.33353 week low
UK flash PMIs Wed 08:30 UTC and US flash PMIs Wed 13:45 UTC could materially shift this read
04:01 UTC
Downtrend, momentum stalling in a tight range · RSI 45 · price 1.3374
Lower highs off 1.3497 into a 1.3360–1.3400 compression above last week's 1.3336 low.
The dominant move of the window came in the London/NY hours of last Thursday and Friday, dropping from 1.3497 to the 1.3336 swing low as the hawkish Fed repricing (Oct hike odds back above 50%) overwhelmed the 6-3 BoE hold. Since Monday's open at 1.3383 price has done nothing but compress: Monday's NY session tagged 1.33999 and was rejected under the 1.3400 psych cap for a third session, then faded back to the 1.3360 monday low, with the Asia session holding a sub-15-pip range into 1.3374. Price is pinned on EMA(20) around 1.3372 and just under EMA(50), RSI(14) flat in the mid-40s — a downtrend that has run out of intraday follow-through rather than reversed.
Support: 1.3360, 1.3336, 1.3335
Resistance: 1.3400, 1.3383, 1.3406
What it said to watch
An hourly close above the 1.3400 psych cap would be the first in four sessions and would neutralise the lower-highs sequence
Loss of the 1.3360 monday low puts the 1.3336 week low back in play; a close beneath it confirms trend continuation
Continued flat RSI with price stuck between the weekly open and 1.3360 keeps the consolidation read intact
UK flash PMIs Wed 08:30 GMT and US flash PMIs 13:45 GMT are the catalysts capable of breaking this range; Fed speakers today can shift it sooner
Lower highs since last Wednesday, now coiling above last week's low.
Cable has spent Monday's session slipping back under the 1.3383 weekly open and is now trading beneath the H1 ema20 near 1.3370, capping every attempt at the 1.3400 psych cap for a third straight session — the pressure is dollar-led, with CME pricing for an October Fed hike firming to the mid-50s. The dominant leg of the window was last Wednesday's London-hours drop from 1.3497 into 1.3336, and since Friday's NY close price has done nothing but compress in a 40-pip band between the 1.3360 session low and 1.3400. RSI(14) sits in the mid-30s with ATR(14) around 9-10 pips, a contracting-range profile rather than fresh impulse.
Support: 1.3360, 1.3336
Resistance: 1.3370, 1.3383, 1.3400
What it said to watch
Loss of the 1.3360 session low exposes last week's 1.3336 prior low and confirms continuation of the lower-high sequence
An hourly close back above the ema20 and the 1.3383 weekly open would neutralise the compression read; 1.3400 psych cap is the line that has held three sessions
UK flash PMIs Wed 08:30 GMT and US S&P Global PMIs 13:45 GMT are the catalysts capable of breaking this range
Compression between Friday's low and the 1.3400 cap; Monday carving lower highs.
Price has drifted from the 1.3383 weekly open down to 1.3370 through Monday's London and NY sessions, with the 1.3397 monday high marking the latest failure under the 1.3400 psych cap — a dollar-led move as CME pricing for an October Fed hike firmed toward 53-56%. The 1.3400 area has now rejected three consecutive sessions while Friday's rebound off 1.3336 keeps the floor intact, leaving H1 pinned to a flattening EMA20 around 1.3373 with RSI(14) in the high 30s and no divergence. Ranges have compressed into the Asia session, ATR(14) near 12 pips versus the 25-30 pip bars seen on Friday's flush.
Support: 1.3373, 1.3360, 1.3336
Resistance: 1.3383, 1.3397, 1.3400
What it said to watch
Loss of the 1.3360 monday low would expose Friday's low at 1.3336 and break the rising sequence of lows off that level
An hourly close back above the 1.3397 monday high would invalidate the lower-highs read and put the 1.3400 psych cap back in play
UK flash PMIs Wed 08:30 GMT and US flash PMIs Wed 13:45 UTC are the week's high-impact prints and can reset this range
Sustained trade below the EMA20 at 1.3373 keeps the Monday drift structure dominant
01:01 UTC
Downtrend, momentum flattening into a range · RSI 42 · price 1.3369
Lower highs capped at 1.3400, base building 1.3336-1.3360.
Monday's session drifted from a 1.3399 early high back into the low 1.3370s, leaving price under the H1 EMA(20) near 1.3374 with RSI(14) around 41 — a dollar-led grind as Oct 28 Fed hike odds firmed toward 53-56%. The 1.3400 cap has turned price back three times inside this window (1.3402, 1.3398, 1.3400), while the downside has held above Monday's low at 1.3360 and Friday's 1.3336 low. Price is compressing beneath the week open at 1.3383, so the four-day structure has shifted from the Wednesday-Thursday impulse lower into a tight range.
Support: 1.3360, 1.3336
Resistance: 1.3374, 1.3383, 1.3400
What it said to watch
An hourly close back above the week open at 1.3383 and then the 1.3400 cap would invalidate the lower-high sequence
Loss of Monday low 1.3360 puts Friday's low at 1.3336 back in play and breaks the asc support line off that low
UK flash PMIs Wed 08:30 GMT and US S&P Global PMIs Wed 13:45 UTC are the only high-impact prints this week and can reset this range read
Fed speakers Tuesday (Williams, Jefferson, Barkin) remain the dominant driver of the dollar leg here
00:01 UTC
Corrective range after last week's slide · RSI 41 · price 1.33701
Sideways between 1.3336 and 1.3400, capped highs.
The dominant move of the week came in two hits: the hawkish FOMC hike on Wednesday evening dropped cable from 1.3461 to 1.3381, and the BoE's 6-3 hold on Thursday's London session extended the slide to Friday's 1.3336 low. Since then price has built a 1.3336–1.3400 range, with Friday's 1.3398 and Monday's NY-session 1.3400 high forming a near-identical double top and rejection at the range top. Monday's drift left the close at 1.3370, marginally below EMA(20) around 1.3374, with RSI(14) near 41 and ATR(14) about 10 pips in thin Asia hours.
Support: 1.3367, 1.3355, 1.3336
Resistance: 1.3374, 1.3400, 1.3435
What it said to watch
UK flash PMIs Wed 08:30 GMT are the week's key UK print and could break the range either way
H1 close above the 1.3400 range top invalidates the three-session cap read and exposes 1.3435 prior high
Loss of 1.3367 monday low opens 1.3355 swing low and then 1.3336 friday low
Reclaim of EMA(20) at 1.3374 would neutralise the slow downward drift inside the range
US S&P Global PMIs Wed 13:45 UTC — the dollar leg has been the driver of this range