Lower highs every session since Monday; compressing above week low.
GBPUSD has printed a lower high every session since Monday's 1.3400 top. The heaviest selling came during Tuesday's London open and Wednesday's London-into-NY slide, after the UK services PMI miss and the sharp US PMI beat. Thursday's high at 1.3256 capped a London bounce, and firm US claims plus hawkish Fed commentary pushed NY hours to a 1.3204 week low. Price sits below the ema20 at 1.3224, and the lower-highs trendline currently runs through the same area. RSI(14) made a higher low at Thursday's week low versus Wednesday's, a mild bullish divergence above the 1.3200 round number.
Support: 1.3204, 1.3200
Resistance: 1.3224, 1.3256, 1.3279
What it said to watch
H1 close above the ema20 and lower-highs trendline near 1.3224 would mark the first break in this week's sequence
Close above Thursday's high at 1.3256 opens the 38.2% fib of the week's decline at 1.3279
Failure to hold the 1.3204 week low and the 1.3200 round number extends the lower-low sequence and voids the RSI divergence
US Durable Goods (12:30 UTC) and UoM inflation expectations (14:00 UTC) Friday could materially shift this read
UK GfK Consumer Confidence at 23:01 UTC may add Asia-session volatility
Lower highs and lower lows since Monday, basing near week low.
GBPUSD has printed a clean sequence of lower highs from Monday's 1.3400 week high. The heaviest damage came in Wednesday's NY session, when the UK services miss met the US PMI surge. Thursday's London-open bounce met rejection at 1.3256, near the 23.6% fib of the week's move, before hawkish Fed talk and US claims beats pushed a fresh week low at 1.3204; price holds below the ema20 near 1.3224 with RSI(14) around 37, off Wednesday's deeper trough.
Support: 1.3204, 1.3200
Resistance: 1.3224, 1.3256, 1.3321
What it said to watch
H1 close back above the ema20 near 1.3224 and then the 1.3256 thu high would break the lower-high sequence
Failure to hold the 1.3204 week low exposes the 1.3200 round number
Tue low at 1.3321 sits above the 50% fib of the week's drop; only a recovery there resets the weekly structure
Fri US durables (12:30 UTC), UoM inflation expectations and Fed's Williams/Hammack could materially shift this read
GBP/USD has shed roughly 195 pips from Monday's 1.3400 week high. The heaviest leg came Wednesday through London and NY hours, as the UK-US flash PMI gap (UK services miss, US services 58.7) hit sterling. Price has stayed below EMA(20) with lower highs each session: Thursday's London-open bounce was capped at the 1.3256 day high, and the NY session carved a fresh week low at 1.3204 after hawkish Fedspeak and firm US claims. RSI(14) near 39 has not matched Wednesday's deeper oversold read on the new low, a bullish divergence, while the Wed low at 1.3223 now sits overhead alongside EMA(20).
Support: 1.3204, 1.3200
Resistance: 1.3223, 1.3256
What it said to watch
H1 close back above the 1.3223 wed low reclaims EMA(20) and softens the downtrend read
A move through the 1.3256 day high breaks the lower-highs trendline and puts the fib 38.2% near 1.3279 in view
Failure to hold the 1.3204 week low and the 1.3200 psych level extends the lower-low sequence and voids the divergence
Fed's Williams, US durable goods and UoM inflation expectations on Friday could materially shift this read
Lower highs from Monday's 1.3400 peak, lows extending.
GBPUSD opened the week near 1.3383 and topped at 1.3400 on Monday. Since then it has printed a steady run of lower highs. The largest leg came Wednesday, when the UK services PMI miss sank London through the 1.3300 wed break and the blowout US PMIs extended the slide into the NY session. Thursday stalled at the 1.3256 thu high early in London and later saw a rejection at the 1.3240 ny high after strong US claims, with price now pressing the 1.3209 week low below EMA(20) and RSI(14) holding in the mid-30s.
Support: 1.3209, 1.3200
Resistance: 1.3240, 1.3256, 1.3300
What it said to watch
H1 close above the descending lower-highs trendline and the 1.3256 thu high breaks the lower-high sequence
Sustained trade below the 1.3209 week low exposes the 1.3200 round number
Reclaim of the 1.3240 ny high would put price back above EMA(20) for the first time since Wednesday
Fri US durables (12:30 UTC), UoM inflation expectations (14:00 UTC) and Williams (09:15 UTC) could materially shift this read
UK GfK tonight 23:01 UTC is a minor risk during the Asia session
Lower highs and lower lows since Monday; Thursday ranging 1.3209–1.3256 under ema20.
GBPUSD has printed lower highs each day since Monday's 1.3400 high. The main legs came at Tuesday's London open and through Wednesday's NY hours, as the US services PMI beat widened the gap with a soft UK services print. Thursday's London-open push stalled at the thu high of 1.3256, and NY extended to a fresh week low at 1.3209 on hawkish Fed talk and strong claims, though RSI(14) held near 40 versus sub-30 at Wednesday's low. Price is now compressing just under the ema20 at 1.3235 and the lower-highs trendline.
Support: 1.3209, 1.3200
Resistance: 1.3235, 1.3256, 1.3282
What it said to watch
H1 close below the 1.3209 week low extends the lower-low sequence toward the 1.3200 round number
Close above the 1.3256 thu high and the lower-highs trendline opens the 38.2% fib of the week drop at 1.3282
Fed's Williams (09:15 UTC) and US durables (12:30 UTC) on Friday could materially shift this read; UK GfK at 23:01 UTC is a secondary GBP risk
A fresh low without RSI(14) confirming would extend the bullish divergence
Lower highs and lower lows all week; fresh week low printed below Wednesday's prior low.
Each day since Monday's NY-session week high near 1.3400 has printed a lower high, and the slide accelerated through London and NY on Wednesday as the UK-US PMI gap and 5%+ Treasury yields fed the USD bid. Thursday's London-open bounce to the 1.3256 day high stalled near the 23.6% fib of the weekly leg. Strong US claims and new home sales then pushed price to a fresh week low at 1.3209, beneath Wednesday's 1.3223 prior low. Price is capped under a declining ema20 near 1.3234, while RSI(14) near 32 sits well above Wednesday's sub-20 reading, a bullish divergence against the lower price low with the 1.3200 round number just below.
Support: 1.3209, 1.3200
Resistance: 1.3223, 1.3234, 1.3256
What it said to watch
H1 closes back above the 1.3223 prior low and the ema20 near 1.3234 would show the RSI divergence gaining traction
A close above the 1.3256 day high breaks the lower-highs trendline and the week's lower-high sequence
Failure to hold the 1.3209 week low exposes the 1.3200 round number
UK GfK tonight at 23:01 UTC, then US durables (12:30 UTC) and UoM inflation expectations (14:00 UTC) on Friday could materially shift this read
16:01 UTC
Downtrend, lower highs each day this week · RSI 40 · price 1.32193
Daily lower highs and lower lows below a descending trendline; week low just printed.
GBPUSD has printed a lower high every day since Monday's 1.3400 test and now trades about 165 pips under the 1.3383 week open. The heaviest legs came in Tuesday's London session and Wednesday's NY session after the US PMI beat, which took price through the 1.3272 pmi break. Thursday's London high at 1.3256 was rejected at the descending trendline of lower highs, and NY set a new week low near 1.3210 after firm US claims, leaving price below EMA(20) and the early-July low around 1.3225 with RSI(14) near 40, not yet oversold.
Support: 1.3210, 1.3200
Resistance: 1.3225, 1.3256, 1.3272
What it said to watch
An H1 close back above the july low at 1.3225 and EMA(20) would slow the lower-high sequence
A close above the thu high at 1.3256 breaks the lower highs trendline, putting the 1.3272 pmi break and the week drop fib 38.2% near 1.3283 in view
Failure to hold the week low at 1.3210 exposes the 1.3200 round number
UK GfK at 23:01 UTC tonight, then Williams, US Durables and UoM on Friday, could materially shift this read
15:01 UTC
Downtrend, lower highs each day · RSI 40 · price 1.32183
Lower highs and lower lows since Monday's week high; shallow range under a descending trendline.
GBPUSD has set a lower high every day since Monday's 1.3400 week high. The decisive leg came Wednesday: the UK services PMI miss in London and the US PMI beat in NY broke 1.3300 and the 1.3274 July low. Thursday's London bounce met rejection at 1.3256, the Thursday high, just under the 23.6% fib and the lower-highs trendline, and firm US claims data pushed price to a fresh week low at 1.3214, with price below EMA(20) near 1.3239 and RSI(14) around 40, not yet oversold.
Support: 1.32143, 1.3200
Resistance: 1.32387, 1.32557, 1.3274
What it said to watch
H1 close above 1.3256 Thursday high and the lower-highs trendline breaks the daily lower-high sequence
Failure to hold 1.3214 week low extends the downtrend toward the 1.3200 round number
Reclaim of EMA(20) at 1.3239 would signal the first shift in H1 momentum since Tuesday
1.3274 July low now overhead; a return there tests whether old support caps as resistance
UK GfK consumer confidence tonight 23:01 UTC (f/c -16) could materially shift this read
US durables 12:30 UTC and UoM inflation expectations 14:00 UTC on Friday are the next USD-side risk
Lower highs since Monday, tight base 1.3214–1.3256.
GBPUSD has made a sequence of lower highs since Monday's 1.3400 week high. The heaviest leg came through Wednesday's London and NY sessions, after the soft UK services PMI and the 58.7 US services beat drove price through the 1.3274 july low. Today's London open bounce stalled at 1.3256, the day high, and a new week low printed at 1.3214. Price is now back just below the ema20 near 1.3237, with RSI(14) holding in the low 40s and a flat base forming over the 1.3223 prior lows.
Support: 1.3223, 1.3214, 1.3200
Resistance: 1.3237, 1.3256, 1.3274
What it said to watch
BoE Lombardelli at 14:00 UTC, alongside US New Home Sales, could materially shift this read. UK GfK at 23:01 UTC follows.
An H1 close back above the ema20 and the lower highs trendline near 1.3240 would test the 1.3256 day high. Above that, the july low at 1.3274 is the next cap.
Failure to hold the 1.3223 prior lows and the 1.3214 week low extends the lower-low sequence toward the 1.3200 round number.
A rebound stalling below the 23.6% retracement of the week high-low move (~1.3258) keeps the downtrend structure intact.
Stepped lower highs and lower lows from 1.3400; Thursday bounce capped below 1.3256.
The week opened at 1.3383 and Monday held a tight range under 1.3400. Tuesday's London open started the slide, and Wednesday's 58.7 US services PMI beat extended it into NY hours, cutting through 1.3300 and the 1.3274 july low. Thursday's London-open bounce to the 1.3256 day high was rejected at the lower-highs trendline near the 23.6% fib. Price has since printed a fresh week low at 1.3214 and sits below the ema20 around 1.3236. RSI(14) near 37 leaves room before oversold.
Support: 1.3214, 1.3200
Resistance: 1.3236, 1.3256, 1.3274
What it said to watch
BoE Lombardelli at 14:00 UTC and Fed's Paulson at 13:00 UTC could materially shift this read; a softer BoE tone adds to GBP pressure
Failure to hold the 1.3214 week low exposes the 1.3200 round number
H1 close back above the ema20 at 1.3236 and the lower-highs trendline would signal the slide is pausing
Reclaim of the 1.3256 day high, then the 1.3274 july low, would break the lower-highs sequence
US New Home Sales at 14:00 UTC and UK GfK at 23:01 UTC are secondary risks into Asia
Lower highs daily since Monday; compressing above week low.
Each day since Monday's 1.3400 week high has printed a lower high. The heaviest legs came at Tuesday's London open and through Wednesday's London and NY sessions, as the UK services PMI miss and the US PMI beat drove USD-led selling. Since Wednesday's NY session, price has compressed between 1.3222 and 1.3256 below EMA(20), and Thursday London's dip to a fresh week low at 1.3214 was bought back to 1.3229 with RSI(14) holding well above Wednesday's trough, while the lower-highs trendline still caps near 1.3245.
Support: 1.32143, 1.3200
Resistance: 1.3240, 1.32557, 1.3274
What it said to watch
US Jobless Claims at 12:30 UTC plus Hammack/Paulson Fedspeak could materially shift this read
H1 close above the 1.3256 thu high breaks the lower-highs sequence; the 1.3274 july low sits above it
Failure to hold the 1.3214 week low exposes the 1.3200 round number
BoE Lombardelli at 14:00 UTC is GBP-side risk; a hold back above ema20 near 1.3240 would signal the downtrend is pausing
Lower highs from Monday's 1.3400 peak; tight 1.3223–1.3256 base.
GBPUSD has printed lower highs since Monday's 1.3400 week high. The heaviest leg came in Wednesday's NY session after US services PMI at 58.7 beat 56 against a soft UK 51.7, driving the pair to 1.3223. Since then, price has held a narrow base between the 1.3223 week low and 1.3256. This morning's London bounce stalled at 1.3256 and slipped back under EMA(20) near 1.3240, while RSI(14) holds around 40 without reaching oversold.
Support: 1.3223, 1.3200
Resistance: 1.3240, 1.3256, 1.3274
What it said to watch
H1 close below the 1.3223 week low extends the lower-low sequence toward the 1.3200 round number
Sustained trade above the 1.3256 session high and the lower highs line shifts the read to a base; 1.3274 july low is the next test
US Initial Jobless Claims 12:30 UTC and Fed's Hammack/Paulson could materially shift this read
BoE Lombardelli at 14:00 UTC; hawkish BoE talk has so far failed to lift GBP
A retrace to the 38.2% fib near 1.3290 would test the broken 1.3274–1.3300 area
Lower highs from 1.3400, compressing in a tight base above 1.3223.
The week opened at 1.3383, and 1.3400 capped Monday's NY session. Tuesday's London and NY selling broke the range, and Wednesday's PMI split (UK services miss, US beat) extended the slide through the july low at 1.3274 to the week low near 1.3223. Since Wednesday's NY close, price has compressed between 1.3223 and the london high at 1.3256, holding just below EMA(20) with RSI(14) in the low-to-mid 40s. The failed push to 1.3256 this morning keeps the tuesday low and the fib 23.6% (~1.3265) out of reach.
Support: 1.3223, 1.3200
Resistance: 1.3256, 1.3274, 1.3321
What it said to watch
An H1 close below the 1.3223 week low resumes the lower-low sequence toward the 1.3200 round number
A close above the 1.3256 london high and back over EMA(20) opens a retest of the 1.3274 july low
Only a recovery through the 1.3321 tuesday low (fib 38.2% near 1.3290 on the way) would challenge the downtrend read
US jobless claims 12:30 UTC, Fed's Hammack/Paulson and BoE Lombardelli at 14:00 GMT could break the consolidation
09:01 UTC
Downtrend, momentum fading at the lows · RSI 42 · price 1.32485
Lower highs from 1.3400 cap; tight base 1.3223–1.3256 since Wednesday NY.
The week opened near 1.3383 and was capped under 1.3400 on Monday. The decline accelerated through Wednesday's London and NY sessions as the US services PMI beat and the UK miss took price through the round number 1.3300 and the july low near 1.3274. Since Wednesday NY, price has held a 1.3223–1.3256 base, with a mild bullish RSI(14) divergence on the retest of the base low, and the first hour of London pressed into EMA(20) near 1.3251 as Lombardelli's hawkish lean offered some support.
Support: 1.3223, 1.3200
Resistance: 1.3256, 1.3274, 1.3300
What it said to watch
H1 close above the range top at 1.3256 and EMA(20) opens a retest of the july low at 1.3274, with the round number 1.3300 above
Failure to hold the base low at 1.3223 resumes the downtrend toward psych 1.3200
The 38.2% retracement of the week fall sits near 1.3290, just under the 1.3300 round number
BoE Breeden/Dhingra at 09:30 GMT and US jobless claims at 12:30 UTC could materially shift this read
08:02 UTC
Downtrend, momentum stalling at the lows · RSI 39 · price 1.32446
Lower highs and lower lows since Monday; tight base 1.3223–1.3250 under EMA(20).
GBPUSD has printed lower highs since Monday's 1.3400 peak. The heaviest leg came during Wednesday's London and NY sessions, when a US services PMI beat (58.7 vs 56) and a soft UK services print pushed price through the 1.3274 july low. Since Wednesday's NY low the pair has held a narrow 1.3223–1.3250 base through Asia. Thursday's marginal new week low at 1.3223 came with a higher RSI(14) reading, and the early high stalled at EMA(20) near 1.3250, just under the lower highs trendline around 1.3258.
Support: 1.3223, 1.3200
Resistance: 1.3250, 1.3274, 1.3300
What it said to watch
An H1 close above the 1.3250 ema20 and the lower highs trendline near 1.3258 would break this week's lower-high sequence
Acceptance back above the 1.3274 july low reopens the 1.3300 round number, which sits close to the 38.2% of the weekly drop near 1.3290
Failure to hold the 1.3223 week low confirms a lower-low, voids the RSI divergence and exposes 1.3200 psych
BoE's Breeden/Dhingra (09:30 GMT) and Lombardelli (14:00 GMT) plus US jobless claims (12:30 UTC) could materially shift this read
Lower highs and lower lows since Monday, now compressing above week low.
GBPUSD has fallen for a fourth straight session from Monday's 1.3400 week high. The heaviest leg came through Wednesday's London and NY hours, when the US services PMI beat and the UK services miss took price through the 1.3300 round number and the 1.3274 July low. Since Wednesday's NY low near the 1.3223 week low, the pair has compressed into a tight Asian range capped by the 1.3245 Asian high, holding below EMA(20), while RSI(14) has recovered into the low 40s from oversold.
Support: 1.3223, 1.3200
Resistance: 1.3245, 1.3274, 1.3300
What it said to watch
H1 close below the 1.3223 week low extends the lower-low sequence toward the 1.3200 round number
Reclaiming the 1.3245 Asian high and EMA(20) opens a retest of the 1.3274 July low, which sits near the 38.2% fib of Wednesday's drop
The lower-high trendline from Tuesday's 1.3387 still caps structure; the read changes only above the 1.3300 round number
BoE's Breeden and Dhingra at 09:30 GMT, Lombardelli at 14:00 GMT, and US jobless claims at 12:30 UTC could materially shift this read
Lower highs since Monday; tight base above 1.3223.
GBPUSD has printed lower highs since Monday's 1.3400 week high, well below the 1.3383 weekly open. The heaviest leg came Wednesday: London open took out 1.3300, then the hot US PMIs pushed price through the 1.3274 july low to the 1.3223 week low into late NY. Since then price has held a ~30-pip base above the week low, which was retested in Asia today. RSI(14) has recovered to about 41, and price sits just under EMA(20) near 1.3248, below the 1.3254 bounce high.
Support: 1.3223, 1.3200
Resistance: 1.3254, 1.3274, 1.3300
What it said to watch
H1 close above the 1.3254 bounce high and EMA(20) would open a retest of the broken 1.3274 july low from below
Failure to hold the 1.3223 week low extends the downtrend toward the 1.3200 round number
A recovery into the 1.3300 round number, near the 38.2% of the week-high-to-low fib, tests whether broken support now caps
BoE Breeden/Dhingra (09:30 GMT), US jobless claims (12:30 UTC) and Lombardelli (14:00 GMT) could materially shift this read
Lower highs and lower lows since Monday's 1.3400 cap; tight base above week low.
The week opened near 1.3383, but the NY-open push stalled at 1.3400 on Monday. Price has since printed a lower-highs line through Tuesday's 1.3387 and Wednesday's 1.3322, with the old support at 1.3300 giving way in Tuesday's NY session. Wednesday produced the week's largest decline across both sessions: the UK services PMI miss hit in London and the US PMI beat extended the drop in NY. That leg broke the July low at 1.3274 and set a week low near 1.3223, and price has since compressed between that low and the 1.3254 bounce high under EMA(20), with RSI(14) holding in the mid-30s.
Support: 1.3223, 1.3200
Resistance: 1.3254, 1.3274, 1.3300
What it said to watch
H1 close below the 1.3223 week low extends the lower-low sequence toward the 1.3200 round number
Recovery above the 1.3254 bounce high and the july low at 1.3274, where the lower-highs line now sits, would ease the downtrend read; 23.6% of the week decline fib sits near 1.3265
BoE's Breeden/Dhingra (09:30 GMT) and Lombardelli (14:00 GMT) could materially shift this read
US Initial Jobless Claims at 12:30 UTC and Fedspeak from Williams and Hammack are the USD-side risk for the NY session
A move back through 1.3300 old support would mark a false break of the week's range break
Lower highs since Monday's 1.3400 week high; tight base above 1.3223.
The week opened at 1.3383 and the 1.3400 week high capped Monday. Every session since has printed a lower high along the trendline. Tuesday's London and NY selling set up Wednesday's break of the 1.3300 broken floor, and the drop accelerated in NY hours after the US services PMI beat (58.7 vs 56) against a UK services miss. Price is now compressing in a roughly 30-pip band just above the 1.3223 week low, below EMA(20) near 1.3260, with RSI(14) near 27 and still oversold.
Support: 1.3223, 1.3200
Resistance: 1.3254, 1.3260, 1.3300
What it said to watch
H1 close above the 1.3254 lower high and the ema20 near 1.3260 would break the lower-high sequence
Failure to hold the 1.3223 week low extends the downtrend toward the 1.3200 round number
A bounce into the 1.3300 broken floor that is rejected keeps the lower-highs trendline intact; the 38.2% retrace of the week decline sits near 1.3290
BoE Breeden/Dhingra at 09:30 GMT and US jobless claims at 12:30 UTC could materially shift this read
Lower highs and lows since Monday; tight range at week low.
GBPUSD has carved lower highs and lower lows since Monday's NY-open week high at 1.3400. The dominant leg came Wednesday, when the soft UK services PMI extended losses through London and the US PMI blowout drove the NY session down to the 1.3223 week low, through the broken 1.33 handle. Since then price has compressed in a 1.3234–1.3254 band, capped by the bounce high and below EMA(20) near 1.3264, with RSI(14) near 28 oversold and ATR contracting from Wednesday's expansion.
Support: 1.32234, 1.3200
Resistance: 1.32542, 1.32638, 1.3300
What it said to watch
H1 close above the 1.3254 bounce high and EMA(20) at 1.3264 would print the first higher high since Tuesday; the July low at 1.3274 sits just above
The 38.2% fib retrace of the week's decline, near 1.3291, sits just under the broken 1.33 handle, which is now resistance
Break of the 1.3223 week low exposes the 1.3200 round number
BoE's Breeden/Dhingra (09:30 GMT) and Lombardelli (14:00 GMT) could materially shift this read
Fed's Williams (08:10 UTC) and US jobless claims (12:30 UTC, f/c 201K) are USD-side risk for the next sessions
Since Monday's 1.3400 high the pair has printed a sequence of lower highs. Wednesday's slide ran from the Asia session through London, where UK services PMI missed, and into NY hours, where the US PMI beat pushed DXY above 101.00. That leg broke the 1.3300 round number and the 1.3274 July low and set a week low at 1.3223. Price is now compressing in a 1.3234–1.3254 band beneath the rebound high, with RSI(14) near 35 and the falling EMA(20) around 1.3263 overhead.
Support: 1.32234, 1.3200
Resistance: 1.3254, 1.3274, 1.3300
What it said to watch
H1 failure below the 1.3223 week low extends the lower-low sequence toward the 1.3200 psych level
Recovery above the 1.3254 rebound high and EMA(20) turns the focus to the 1.3274 July low as resistance
A close back above the 1.3300 round number and the lower-highs trendline would break this week's downtrend read, near the 38.2% of the week high-low fib
BoE hold-voters Breeden and Dhingra (09:30 GMT) and Lombardelli (14:00 GMT) could reprice the ~100bp of priced hikes
US Initial Jobless Claims at 12:30 UTC, alongside Fed speakers, could shift the USD leg during the NY session