GBP/USD AI Live Scan, 15-minute chart, Tuesday, 26 May 2026

Every read JAFX AI made on the GBP/USD 15-minute chart that day, newest first: trend, structure, the levels it marked and what it said to watch.

23:45 UTC

Downtrend, base forming · RSI 64 · price 1.34543

Sold from 1.3500 to 1.3434, basing 1.3440-1.3455.

Cable shed ~65 pips through the NY session into a 1.3434 session low, then based out in a tight 1.3440-1.3455 range during Asia with buyers grinding back to a current high of 1.3454. Pace has collapsed (ATR ~4 pips), consistent with the 'cable looks dead' compression note and the BoE/Fed lockstep theme in the news flow.

Support: 1.34494, 1.34344

Resistance: 1.34543, 1.34693

What it said to watch

  • M15 close above 1.3469 ny swing would break the lower-high sequence
  • Loss of 1.3434 session low extends the downtrend
  • Sustained breakout from the 1.3440-1.3455 consolidation sets directional tone for London

23:30 UTC

Downtrend, stabilising late · RSI 56 · price 1.34516

Lower highs into 1.3434 low, shallow recovery.

NY session drove cable from 1.3489 through to a 1.3434 swing low, with the break of 1.3460 accelerating selling. Price has since coiled in a tight 1.3440–1.3454 range into Asia, RSI(14) recovering to mid-50s but no reclaim of the 1.3469 ny breakdown shelf.

Support: 1.3444, 1.34344

Resistance: 1.34535, 1.34687, 1.3483

What it said to watch

  • M15 close above 1.34535 recent high opens a retest of 1.34687 ny breakdown
  • Loss of 1.34440 session low exposes 1.34344 swing low
  • Asia liquidity thin — compression risks a 150-pip resolution per overnight commentary

23:15 UTC

Downtrend, stabilising into Asia · RSI 50 · price 1.34503

Lower-high sequence, basing above session low.

NY session sold off from 1.3489 through the 1.3469 shelf and bottomed at the session low 1.3434, then based and ground back to 1.3450 into Asia. Price is now coiling in a tight 1.3445-1.3453 range with RSI back at neutral and volume drying up.

Support: 1.34344, 1.3442

Resistance: 1.34535, 1.34693, 1.34815

What it said to watch

  • M15 close back above 1.3469 breakdown lvl would neutralise the downtrend read
  • Break of session low 1.3434 extends the lower-high sequence
  • Asia liquidity is thin — current compression likely resolves on London open

23:00 UTC

Downtrend, attempting base · RSI 41 · price 1.34491

Lower-high then sweep low, now sideways above 1.3440.

Cable slid from 1.3490 into NY hours, swept 1.3417 then bounced and is now coiling tightly between 1.3440 base and 1.3450 micro high during the late US session. Compression aligns with the broader theme of BoE-Fed lockstep noted in the wires — RSI mid-range, no thrust either way.

Support: 1.3440, 1.3434, 1.3417

Resistance: 1.3450, 1.3461, 1.3489

What it said to watch

  • M15 close below 1.3440 base reopens 1.3417 sweep low
  • Reclaim of 1.3461 rejection neutralises the downtrend read
  • Australian April CPI print in coming hours may inject volatility into the dollar side

22:45 UTC

Downtrend, basing late session · RSI 52 · price 1.34485

Lower highs into 1.3434 low, corrective bounce stalling.

NY session drove price from 1.3489 to a 1.3434 swing low, with Kashkari hawkish remarks accelerating the leg lower. Late session has stalled into a tight 1.3444–1.3454 consolidation, RSI(14) recovering off oversold into the low 50s — bullish divergence against the lower low but no break of the bounce high at 1.3454.

Support: 1.3444, 1.34344

Resistance: 1.34535, 1.34693, 1.34815

What it said to watch

  • M15 close above bounce high 1.3454 opens path back to 1.3469 prior pivot
  • Break of session low 1.3444 re-engages the 1.3434 swing low
  • Asia session typically thin — consolidation likely to hold absent fresh catalyst

22:30 UTC

Downtrend, attempting base near session low · RSI 52 · price 1.34483

Lower highs and lower lows; current consolidation above 1.3440.

GBPUSD slid through NY hours from 1.3489 to a 1.34344 swing low before stabilising; price has since coiled in a tight 1.3445–1.3454 range as Asia opens. RSI(14) has lifted off oversold into the low-50s while price holds a higher low, a mild bullish divergence, though the broader M15 structure remains a sequence of lower highs.

Support: 1.3444, 1.34344

Resistance: 1.34535, 1.34808

What it said to watch

  • Reclaim of 1.34535 recent high would break the lower-high sequence
  • Loss of 1.34344 swing low confirms downtrend continuation
  • Asia session typically thin; range likely to hold until London open

22:15 UTC

Downtrend, stabilising late session · RSI 42 · price 1.34496

Lower highs / lower lows, basing near session low.

NY session sold cable from 1.3489 down to a session low at 1.34344, with a sharp rejection from 1.34687 into the US close. Late-session tape is consolidating in a tight 1.3445-1.3453 range, RSI(14) recovering to mid-40s as Asia takes over.

Support: 1.34344, 1.34417

Resistance: 1.34535, 1.34687, 1.34808

What it said to watch

  • M15 close below 1.34344 session low extends the downtrend
  • Reclaim of 1.34535 recent high opens path back to 1.34687
  • Cable compression flagged in news — breakout risk into London

22:00 UTC

Downtrend, attempting basing · RSI 42 · price 1.34471

Lower highs and lower lows, recent bounce from session low.

Cable trended lower through the London-NY session, breaking the 1.3470 shelf and printing a session low at 1.34344 before a modest bounce stalled at the 1.34535 area. Late-NY into Asia is now quietly consolidating around 1.3447, well below both EMAs, with no clear reclaim of the prior pivot at 1.34693.

Support: 1.34344, 1.34417

Resistance: 1.34535, 1.34693

What it said to watch

  • A reclaim of 1.34693 prior pivot would neutralise the intraday downtrend
  • A clean break of 1.34344 session low extends the lower-low sequence
  • Kashkari hawkish hike commentary still in headlines — USD-driven gaps possible on Asia open

21:45 UTC

Downtrend, late-session stabilisation · RSI 49 · price 1.34458

Lower highs, lower lows; basing above 1.3434 low.

GBPUSD sold off through the NY session from 1.3489 down to 1.3434, then carved a tight consolidation between 1.3441 and 1.3454 into the late NY hours. Price now drifts at 1.3446 with RSI back to neutral and ATR compressing — Investing.com flagged the compression as a 150-pip breakout risk.

Support: 1.34344, 1.34417

Resistance: 1.34535, 1.34693, 1.34808

What it said to watch

  • Break below 1.3434 NY low extends the downtrend
  • Reclaim of 1.3469 prior shelf neutralises the lower-high sequence
  • Volatility compression — directional break likely on Asia open

21:30 UTC

Downtrend, late NY bounce · RSI 48 · price 1.34458

Lower highs, lower lows; corrective rebound off session low.

GBPUSD sold off through the NY session from 1.3480 to a low of 1.34344, breaking the prior break at 1.34494 on heavy volume. Late NY has stabilised into a tight consolidation between 1.34417 and the bounce high at 1.34535, RSI recovering to neutral. Investing.com piece flagging compression and 150-pip breakout risk lines up with this coiling.

Support: 1.34344, 1.34417, 1.34494

Resistance: 1.34535, 1.34693, 1.34808

What it said to watch

  • M15 close above 1.34535 bounce high opens room toward the 1.34693 ldn-ny pivot
  • Break of 1.34344 session low confirms continuation of the downtrend
  • Asia open liquidity could expand the current consolidation range

21:15 UTC

Downtrend, bouncing from lows · RSI 43 · price 1.34458

Lower highs and lower lows, corrective bounce in late NY.

GBPUSD broke down through 1.3469 during NY hours, extending to a 1.3434 session low before a corrective bounce stalled at 1.3453. Price is now consolidating around 1.3446 in the late NY/Asia handover with RSI recovering to mid-40s.

Support: 1.34344, 1.34494

Resistance: 1.34535, 1.34693

What it said to watch

  • M15 close above 1.3469 would neutralise the breakdown read
  • loss of 1.3434 session low extends the lower-low sequence
  • compression here aligns with the 150-pip breakout risk flagged in news

21:00 UTC

Downtrend, bounce off lows · RSI 52 · price 1.34478

Lower-high sequence, recovering from session low.

GBPUSD sold off through NY hours from 1.3505 to a session low at 1.34344, with Iran-tension USD bid noted in the wires. Late NY into Asia open has stabilised into a tight 1.3438–1.3454 consolidation, RSI(14) recovered to neutral around 52. Price sits below the 100-hour MA at 1.34522 which remains the immediate ceiling.

Support: 1.34344, 1.3444

Resistance: 1.34522, 1.34693, 1.34748

What it said to watch

  • Reclaim of the 100h ma at 1.34522 would shift the read away from the lower-high sequence
  • Loss of the session low at 1.34344 extends the downtrend toward the 1.3434 area
  • Thin late-Asia liquidity — current consolidation may not survive London open

20:45 UTC

Downtrend, attempting base · RSI 51 · price 1.34484

Lower highs into 1.3434 low, corrective bounce underway.

GBPUSD sold off through the NY session from 1.3489 to a 1.3434 swing low as the Dollar firmed on renewed Iran tensions, with the pair losing the 100-day MA at 1.34748. Late-NY into early Asia, price is grinding sideways in a 1.3442–1.3454 range, RSI(14) recovered to neutral but no reclaim of broken structure yet.

Support: 1.34417, 1.34344

Resistance: 1.34535, 1.34693, 1.34748

What it said to watch

  • Close back above 1.34535 bounce high opens room toward the 100dma at 1.34748
  • Break of 1.34417 session low exposes the 1.34344 swing low
  • Asia session is thin — moves on light flow can be unreliable

20:30 UTC

Downtrend, attempting bounce · RSI 56 · price 1.34517

Lower highs and lower lows, basing near session low.

GBPUSD sold off through NY hours after rejection at 1.3489, printing a session low at 1.34344 before basing. Price has since ground higher into a tight consolidation and is now poking at the 100h ma near 1.34522, with RSI(14) recovering to mid-range.

Support: 1.34344, 1.34417

Resistance: 1.34522, 1.34693, 1.34815

What it said to watch

  • M15 close above 1.34522 (100h ma) opens path back toward 1.34693 swing high
  • Loss of 1.34417 swing low reopens 1.34344 session low
  • Late NY hours — liquidity thinning, follow-through less reliable

20:15 UTC

Downtrend, attempting basing · RSI 47 · price 1.34495

Lower highs into NY low, now sideways above 1.3438.

GBPUSD sold off through the NY session from 1.3489 to a 1.3434 swing low after the 100d MA at 1.3475 capped the bounce. Last two hours have stabilised in a tight 1.3438–1.3450 range, RSI back to neutral near 47.

Support: 1.34438, 1.34344

Resistance: 1.34522, 1.34693, 1.34748

What it said to watch

  • M15 close back above 1.34522 (100h MA) reopens the path to the 1.34693 shelf
  • Break and hold below 1.34344 confirms a fresh lower low and resumes the NY downtrend
  • Range remains compressed in late NY — Asia open could expand it either way

20:00 UTC

Downtrend, bouncing off session low · RSI 48 · price 1.34483

Lower highs into 1.3434 sweep, corrective rebound.

NY session sold GBPUSD from 1.3489 down through the 100h MA into a 1.3434 session low, with sellers pressing after the Iran tension headlines. Price has since stabilised in a tight 1.3440–1.3449 range late in NY, RSI(14) recovering to mid-40s and ATR cooling to ~5 pips.

Support: 1.34344, 1.34494

Resistance: 1.34522

What it said to watch

  • Reclaim of 1.34522 (100h MA) would neutralise the NY downside read
  • Break of 1.34344 session low extends the lower-low sequence
  • Thin late-NY liquidity — moves may not hold

19:45 UTC

Downtrend, momentum stalling · RSI 42 · price 1.34455

Lower highs, lower lows; basing near session low.

NY session sold GBPUSD from 1.3489 down to 1.3434 after renewed US-Iran headlines boosted the dollar, with price now consolidating in a tight 1.3438–1.3448 range into the late NY hour. RSI(14) at ~42 has lifted off the lows on the basing action while price held the 1.3434 session low — a mild bullish divergence — but the 100h MA near 1.34522 caps any bounce.

Support: 1.34344, 1.34417

Resistance: 1.34486, 1.34522

What it said to watch

  • Break below 1.34344 session low extends the downtrend
  • Close back above 1.34522 100h ma neutralises the bearish read
  • Thin late-NY liquidity may exaggerate moves on Iran/Lebanon headlines

19:30 UTC

Downtrend, momentum stabilising · RSI 38 · price 1.34424

Lower highs and lower lows, basing near session low.

NY session drove a clean breakdown from 1.3490, taking out the 100dma at 1.34748 and printing a session low at 1.34344. Price has since stabilised in a tight 1.3438–1.3449 consolidation through late NY, with RSI(14) recovering off oversold near 38.

Support: 1.34344, 1.34417

Resistance: 1.34486, 1.34611, 1.34748

What it said to watch

  • M15 close above the 1.34486 micro high opens room back to the 1.34611 breakdown level
  • Break of the 1.34344 session low extends the downtrend
  • Ongoing US-Iran headline risk could reprice USD sharply

19:15 UTC

Downtrend, fresh lows printed · RSI 38 · price 1.34427

Lower highs and lower lows, weak bounce.

GBPUSD sold off through NY hours, breaking the 1.34693 swing pivot and extending to a session low at 1.34344 as renewed Iran tensions boosted the dollar. Price has since stalled in a tight consolidation between 1.34388 and 1.34486, holding below the 100h MA at 1.34522 with RSI(14) recovering from oversold to the high 30s.

Support: 1.34344, 1.34417

Resistance: 1.34486, 1.34522, 1.34693

What it said to watch

  • Reclaim of 1.34522 (100h ma) would neutralise the intraday downtrend read
  • Close below 1.34344 session low confirms continuation lower
  • Consolidation tightening near 1.344 — break either side resolves the range

19:00 UTC

Downtrend, fresh leg lower stabilising · RSI 38 · price 1.34436

Lower highs and lower lows, basing near session low.

NY session sold GBPUSD aggressively through 1.34693 and the 100h MA region, printing a session low at 1.34344 before stabilising in a tight 1.34388–1.34486 range. Price is now coiling just below the 100h MA reference at 1.34522 with RSI(14) recovering off oversold but EMAs still capping above.

Support: 1.34344, 1.34417

Resistance: 1.34486, 1.34522, 1.34693

What it said to watch

  • M15 close back above 1.34522 (100h ma) would neutralise the downside read
  • Break of 1.34344 session low extends the leg lower
  • Headline risk around US-Iran developments remains a wildcard

18:45 UTC

Downtrend, fresh leg lower · RSI 38 · price 1.34423

Lower highs and lower lows, basing after impulse.

GBPUSD broke down through 1.3469 during NY hours on renewed USD demand from US-Iran tensions, printing a session low at 1.34344 before stabilising. Price is now consolidating in a tight 1.3438–1.3448 range just above the lows, RSI(14) recovering from oversold but EMA20/50 still capping above.

Support: 1.34344, 1.34494

Resistance: 1.34486, 1.34693

What it said to watch

  • M15 close below 1.34344 extends the downtrend leg
  • Reclaim of 1.34693 broken shelf neutralises the NY breakdown
  • Headline risk from US-Iran developments could disrupt the consolidation

18:30 UTC

Downtrend, momentum accelerating into NY · RSI 36 · price 1.34413

Lower highs and lower lows, fresh session low printed.

GBPUSD broke down through the 100d MA at 1.3475 during NY hours and accelerated lower, printing a session low at 1.34344 before stabilising around 1.3441. Price is now consolidating in a tight 30-pip band below the broken 100h MA at 1.34522, with RSI(14) recovering from oversold but EMAs still capping. Move coincided with renewed Iran-related USD bid flagged in the wires.

Support: 1.34344, 1.34417

Resistance: 1.34522, 1.34693, 1.34748

What it said to watch

  • M15 close back above 1.34522 (100h ma) would neutralise the breakdown
  • Loss of 1.34344 session low confirms continuation lower
  • Reclaim of 1.34748 (100d ma) invalidates the downtrend read

18:15 UTC

Downtrend, fresh session low · RSI 38 · price 1.34403

Lower highs, lower lows; bounce off session low.

GBPUSD broke down through the NY session range during US hours, taking out 1.34693 and extending to a session low at 1.34344 as renewed Iran tensions boosted USD demand. Price has since stabilised in a tight consolidation between 1.34388 and 1.34486, RSI(14) recovering off oversold but still sub-50.

Support: 1.34344, 1.34494

Resistance: 1.34486, 1.34693

What it said to watch

  • Reclaim of 1.34494 swing pivot would neutralise the breakout read
  • Break below 1.34344 session low confirms continuation lower
  • Sustained move above 1.34693 prior swing invalidates the downtrend on this TF

18:00 UTC

Downtrend, fresh leg lower · RSI 37 · price 1.34395

Lower highs, lower lows; minor bounce stalling.

GBPUSD broke down through 1.3475 during NY hours and accelerated to a session low at 1.34344 as renewed Iran tensions lifted the dollar. Price is now consolidating just under the 1.34486 bounce high with RSI(14) recovering from oversold but capped, and EMA20/50 both above price.

Support: 1.34344, 1.3446

Resistance: 1.34486, 1.34693, 1.34748

What it said to watch

  • M15 close above 1.34486 bounce high opens path back to 1.34693 prior swing
  • Break of 1.34344 session low extends the downtrend leg
  • Failure to reclaim the 100d MA near 1.34748 keeps pressure to the downside

17:45 UTC

Downtrend, fresh leg lower · RSI 33 · price 1.3443

Lower highs, lower lows since London.

GBPUSD sold off sharply during NY hours, breaking below the 1.3449 prior swing and the 100h MA after renewed US-Iran tensions lifted the dollar. Price made a session low at 1.3434 and is now consolidating just above it, RSI(14) lifting off oversold near 33. The broken 1.3446–1.3448 prior swing is now acting as overhead supply.

Support: 1.3434, 1.3417, 1.3446

Resistance: 1.3448, 1.3475, 1.3491

What it said to watch

  • M15 close back above 1.3475 (100h MA) would neutralise the downside read
  • Break of 1.3434 session low opens path to the 1.3417 swing low
  • Reclaim of 1.3491 NY high invalidates the lower-high sequence

17:30 UTC

Downtrend, fresh lows printed · RSI 36 · price 1.34455

Lower highs, lower lows; breakdown holding.

NY session drove a clean breakdown from 1.3480 to 1.3434, sellers stepping in after the GBP retreat tied to renewed US-Iran tensions. Price is now consolidating in the 1.3440–1.3446 zone after the flush, with RSI(14) lifting off oversold but EMAs capping any bounce.

Support: 1.34344, 1.3446

Resistance: 1.34494

What it said to watch

  • M15 close back above 1.34494 broken shelf would neutralise the breakdown read
  • Failure to hold 1.34344 session low confirms continuation lower
  • Asia session opening soon — liquidity thins, expect smaller ranges

17:15 UTC

Downtrend, momentum extending · RSI 30 · price 1.34412

Lower highs, lower lows; fresh session low.

GBPUSD broke down through 1.34494 during NY hours on renewed US-Iran tensions, printing a fresh session low at 1.34344 with RSI(14) oversold near 30. Last few bars are stalling between 1.34408 and 1.34486, a small retest of the breakdown level rather than a recovery.

Support: 1.34344, 1.3420

Resistance: 1.34494

What it said to watch

  • M15 close back above 1.34494 would neutralise the breakdown read
  • Loss of 1.34344 session low extends the move toward 1.34200 psych
  • Bullish RSI divergence forming if a new low prints without RSI making a new low

17:00 UTC

Downtrend, fresh session low · RSI 28 · price 1.34417

Lower highs, lower lows since London open.

NY session sold GBPUSD through the 1.34522 100h MA and into a fresh session low at 1.34344, accelerating after the 1.34494 floor gave way. RSI(14) printed 28 on the break and has ticked up while price holds above the low — minor bullish divergence, but the structure of lower highs from 1.34893 remains intact.

Support: 1.34344, 1.34417

Resistance: 1.34494, 1.34522

What it said to watch

  • Reclaim of 1.34494 breakdown level would neutralise the downside push
  • Break below 1.34344 session low extends the lower-low sequence
  • Failure at the 1.34522 100h MA on any bounce keeps sellers in control

16:45 UTC

Downtrend, fresh session low · RSI 28 · price 1.34467

Lower highs, lower lows since London.

GBPUSD broke down through 1.34522 (100-day MA) during NY hours and accelerated lower, printing a session low at 1.34344 before a modest bounce into the close. RSI(14) sits oversold near 28 and price remains well below EMA20/EMA50, with the prior swing at 1.34693 now acting as resistance.

Support: 1.34344, 1.34494

Resistance: 1.34522, 1.34693

What it said to watch

  • M15 close back above 1.34522 (100h ma) would neutralise the breakdown
  • Sustained trade below 1.34344 session low extends the downside leg
  • Oversold RSI raises odds of a corrective bounce toward prior swing at 1.34693

16:30 UTC

Downtrend, fresh leg lower · RSI 28 · price 1.34447

Lower highs, lower lows; range break to downside.

NY session has driven a clean break of the 1.3460 floor, with price slicing through the 100h MA at 1.34522 and printing a session low at 1.34344. RSI(14) at 28 is oversold but momentum is one-directional; the bounce into 1.34447 is shallow relative to the impulse leg.

Support: 1.34344, 1.34417

Resistance: 1.34522

What it said to watch

  • Reclaim of the 100h MA at 1.34522 would neutralise the breakdown read
  • Sustained acceptance below the session low at 1.34344 extends the lower-low sequence
  • Failed retest of 1.34522 from below would confirm the level as resistance

16:15 UTC

Downtrend, accelerating into NY · RSI 22 · price 1.34358

Lower highs and lower lows, fresh session low.

GBPUSD broke down through 1.34494 during NY hours and extended to a fresh session low at 1.34344, with the move accelerating after price was rejected from the 100-day MA noted in the forexlive piece. RSI(14) sits near 22 — short-term oversold but consistent with a one-way leg, and price is pinned well below both EMAs.

Support: 1.34344, 1.3417

Resistance: 1.34494

What it said to watch

  • Reclaim of 1.34494 would neutralise the breakdown read
  • Sustained acceptance below the session low at 1.34344 opens 1.3420 psych
  • Oversold RSI raises odds of a corrective bounce into 1.34494 before continuation is confirmed

16:00 UTC

Downtrend, accelerating into NY · RSI 22 · price 1.34385

Lower highs, lower lows; fresh session low.

GBPUSD broke down through 1.34494 in the NY session, extending an intraday downtrend that started after London's failed push at 1.34890. Price has printed a fresh session low at 1.34344 with RSI(14) deep oversold near 22, and the 100D MA at 1.34748 (cited by Forexlive) is now well overhead as a broken shelf.

Support: 1.34344, 1.3425

Resistance: 1.34494, 1.34637, 1.34748

What it said to watch

  • M15 close back above 1.34494 broken shelf would neutralise the breakdown
  • Failure to reclaim 1.34637 micro pivot keeps lower-low structure intact
  • Oversold RSI raises odds of a corrective bounce before continuation

15:45 UTC

Intraday downtrend accelerating · RSI 22 · price 1.34441

Lower highs, lower lows, fresh session low.

NY session driving GBPUSD sharply lower after rejection at the 100-day MA near 1.34748, with the soft US Consumer Confidence print failing to lift cable. Last two bars broke 1.34494 and printed a fresh session low at 1.34344, RSI(14) deep at 22 signalling stretched conditions into the swing area at 1.3446.

Support: 1.34344, 1.3446

Resistance: 1.34522, 1.34693, 1.34748

What it said to watch

  • Reclaim of 1.34522 (100h MA) would neutralise the breakdown read
  • Sustained acceptance below 1.34344 extends the leg toward the lower swing area
  • RSI oversold leaves scope for a mean-reversion bounce into 1.34522

15:30 UTC

Intraday downtrend accelerating · RSI 21 · price 1.34442

Lower highs and lower lows, fresh session low.

NY session has driven a clean break of the 100h MA at 1.34522 and the prior swing at 1.34693, with price now extending to a fresh session low at 1.34417. RSI(14) at 21 is deeply oversold on M15 but momentum is one-way; sellers gained traction after USD firmed on US return from Memorial Day and softer Consumer Confidence failed to lift cable.

Support: 1.34417, 1.3446

Resistance: 1.34522, 1.34693

What it said to watch

  • M15 reclaim of 1.34522 (100h ma) would neutralise the breakdown
  • Acceptance below 1.34460 swing area opens room toward the next lower handle
  • RSI sub-20 with stalling price action would flag exhaustion of the leg

15:15 UTC

Downtrend, fresh session lows · RSI 28 · price 1.34494

Lower highs and lower lows through NY session.

NY session has driven a clean break of the 1.34693 shelf and pushed to fresh session lows at 1.34488, with sellers stepping in at every rally toward 1.34808. RSI(14) at 28 shows the move is stretched but momentum still pointing down into the late NY hours.

Support: 1.34488, 1.34565

Resistance: 1.34632, 1.34693, 1.34808

What it said to watch

  • M15 close back above 1.34693 broken shelf would neutralise the lower-high sequence
  • Failure to hold 1.34488 session low extends the downtrend toward 1.3440
  • Reclaim of 1.34632 micro pivot is the first sign of stabilisation

15:00 UTC

Intraday downtrend, fresh lows · RSI 33 · price 1.34609

Lower highs and lower lows from 1.3509.

GBPUSD drifted lower through London and accelerated into NY, with sellers breaking 1.34693 and printing a session low at 1.34565 as USD firmed on traders returning from Memorial Day. Bounces have been capped near 1.34830 and the broken pivot at 1.34693 now acts as resistance; RSI(14) at 33 is weak but not yet stretched on M15.

Support: 1.34565, 1.34621

Resistance: 1.34693, 1.3483

What it said to watch

  • M15 close back above 1.34693 broken pivot would neutralise the lower-low structure
  • Sustained break of 1.34565 session low opens room toward 1.345 psych
  • Rejection at 1.34693 on retest would confirm the breakout

All markets that day · Today’s GBP/USD Live Scan in the terminal