Since Thursday's 1.3204 last wk low, price has printed higher lows. A London-session push on Monday lifted it from the 1.3233 weekly open to the 1.3280 monday high as hawkish BoE rhetoric from Ramsden offset rising US yields. Two NY-session tests of 1.3275–1.3280 met rejection near the 50% retracement of the decline from the 1.3345 wed high, and price has since flattened on EMA(20) around 1.3255 with RSI(14) near 50.
Support: 1.3240, 1.3233, 1.3204
Resistance: 1.3280, 1.3291, 1.3345
What it said to watch
H1 close above the 1.3280 monday high opens the 61.8% fib at 1.3291, then the 1.3345 wed high
Failure below the 1.3240 ny low breaks the Monday higher-lows trendline and exposes the 1.3233 weekly open
Loss of the weekly open puts the 1.3204 last wk low back in focus
US JOLTS (Tue 14:00 UTC) and BoE Taylor (Tue 15:30 UTC) could shift the read ahead of Wednesday's UK GDP and US PCE
22:02 UTC
Recovering from midweek low, stalling at 50% retrace · RSI 49 · price 1.32541
Higher lows since Thursday's 1.3204 low; capped 1.3275–1.3280.
GBPUSD has carved higher lows since Thursday's NY-session swing low at 1.3204. Monday's London-open rally on Ramsden's hawkish BoE remarks ran to a 1.3280 monday high, just above the 50% fib of the Wednesday–Thursday decline. Three NY-session probes into 1.3275–1.3280 met rejection as US 10y yields pushed to 5.27%, and price has settled back onto EMA(20) near 1.3254 with RSI(14) flat around 49; the weekend gap below Friday's close was filled early Monday, leaving the mon ny low at 1.3240 and the weekly open at 1.3233 as the latest higher-low zone.
Support: 1.3240, 1.3233, 1.3204
Resistance: 1.3280, 1.3292
What it said to watch
H1 close above the 1.3280 monday high opens the 61.8% fib near 1.3292, close to the 1.3295 area cited in the GBP digest
Loss of the 1.3240 mon ny low and the 1.3233 weekly open breaks the higher-lows sequence and exposes the 1.3204 swing low
BoE Taylor Tue 15:30 UTC and US JOLTS Tue 14:00 UTC could shift this read
UK GDP and US core PCE Wed could materially shift this read; record GBP spec shorts add squeeze risk on an upside surprise
Higher lows since Thursday; Monday range 1.3240–1.3280 below 50% retrace.
The mid-week slide from 1.3346 to 1.3204 has been about half retraced. Monday's London open filled the small weekend gap and cleared Friday's high as hawkish BoE rhetoric squeezed crowded GBP shorts. NY hours stalled at the 1.3280 week high, near the 50% retracement of the slide, on a mild RSI(14) bearish divergence. Price is now sitting on EMA(20), with Monday's rising trendline and EMA(50) converging near 1.3250 and the NY pullback low at 1.3240 just beneath.
Support: 1.3250, 1.3240, 1.3221
Resistance: 1.3263, 1.3280, 1.3292
What it said to watch
H1 close below the 1.3240 NY pullback low breaks Monday's rising trendline and exposes the 1.3221 week low
Acceptance above the 1.3280 week high opens the 61.8% fib at 1.3292 and the 1.3295 area
Friday high at 1.3263 capped the late-NY fade; a close back above it restores the upper half of Monday's range
US JOLTS and Consumer Confidence (Tue 14:00 UTC), BoE Taylor (Tue 15:30 UTC) and Fed's Waller (Tue 19:00 UTC) could materially shift this read ahead of UK GDP on Wed 06:00 UTC
Wednesday's USD-driven slide from 1.3343 bottomed at Thursday's 1.3204 swing low. Friday and Monday have printed higher lows since, with a London-open breakout from Monday's Asian range as hawkish BoE rhetoric from Ramsden and Bailey lifted sterling despite US yields at 2007 highs. Price is consolidating just above ema20 near 1.3255 with RSI(14) around 59. The Monday high at 1.3280 capped two NY session pushes, and the 1.3240 higher low held near the 50% retracement of the recovery.
Support: 1.3255, 1.3240, 1.3204
Resistance: 1.3280, 1.3300
What it said to watch
H1 close above the 1.3280 monday high opens the 1.3300 round number, near the 1.3295 break level flagged in the digest
Failure to hold the 1.3240 higher low and the higher-low trendline turns the recovery into a range back toward the 1.3204 swing low
US JOLTS (Tue 14:00 UTC) and BoE Taylor (Tue 15:30 UTC) could shift this read before Wednesday's 06:00 UTC UK GDP
Sustained RSI(14) below 50 alongside a close under ema20 would mark momentum rolling over
Higher highs and higher lows since Thursday's 1.3204 low; corrective rally inside the Tuesday-Thursday sell-off.
GBPUSD has printed higher highs and higher lows since Thursday's 1.3204 swing low. Monday's small opening gap filled as the London open added 23 pips on Ramsden's hawkish BoE rhetoric, lifting price through Friday's 1.3263 high. NY hours turned two-way against firm US yields: the dip to the 1.3240 NY low held, closes stayed above EMA(20) near 1.3255, and the Monday high at 1.3280 is capped at the 50% retracement of the sell-off from the 1.3349 Tuesday high, with RSI(14) cooling to ~61 without divergence.
Support: 1.3255, 1.3240, 1.3204
Resistance: 1.3280, 1.3294, 1.3349
What it said to watch
H1 close above the 1.3280 Monday high exposes the 1.3294 61.8% fib; clearing that shifts the read from correction toward a retest of the 1.3349 Tuesday high
H1 close below the 1.3240 NY low breaks Monday's rising support and returns focus to the 1.3204 swing low
US JOLTS (Tue 14:00 UTC) and BoE Taylor (Tue 15:30 UTC) could shift this read; UK GDP (Wed 06:00 UTC) is the larger GBP event risk
Higher lows off 1.3204; breakout above Friday high capped at 1.3280.
Monday's London open lifted GBPUSD through Friday's 1.3263 high. That extended the higher-lows rebound from Thursday's 1.3204 week low as hawkish BoE commentary squeezed crowded sterling shorts. The move has stalled at the 1.3280 Monday high, near the 50% retracement of last week's 1.3349–1.3204 decline, and NY hours have chopped between the 1.3240 NY low and 1.3280 with a rejection wick into the late session. Price holds above EMA(20) near 1.3253 with RSI(14) around 61.
Support: 1.3253, 1.3240, 1.3204
Resistance: 1.3280, 1.3295, 1.3349
What it said to watch
H1 close above the 1.3280 Monday high opens the 1.3295 breakdown level, which aligns with the 61.8% retracement of last week's decline; acceptance there brings the 1.3349 last wk high into view
Failure to hold the 1.3240 NY low returns price to the Thursday–Friday base and tests the higher-lows trendline near 1.3234, with the 1.3204 week low beneath
US JOLTS and Fedspeak (Tue 14:00–19:00 UTC) plus BoE Taylor (Tue 15:30 UTC) could materially shift this read; UK GDP follows Wed 06:00 UTC
Recovery capped near 50% retrace, compressing on flat EMA cluster.
GBP/USD fell from Tuesday's 1.3349 high to a 1.3204 swing low during Thursday's NY session. Wednesday's London-NY leg did most of the damage as the oil-driven USD rally dominated. Since then the pair has built higher lows. Ramsden's hawkish BoE remarks lifted the London open through the Friday high to the Monday high at 1.3275, near the 50% fib of the week's drop, and NY hours brought a second rejection there. Price now sits on the flat EMA(20)/EMA(50) cluster near 1.3250 with RSI(14) at 54, holding above the NY low at 1.3240 and the weekly open at 1.3233.
Support: 1.3240, 1.3233, 1.3204
Resistance: 1.3263, 1.3275, 1.3294
What it said to watch
H1 close above the 1.3275 Monday high clears the twin rejection and opens the path to the 61.8% fib at 1.3294
Friday high at 1.3263 is the first cap; repeated failure there keeps price compressed on the EMAs
Break of the 1.3240 NY low and the 1.3233 weekly open brings the higher-lows trendline near 1.3225 into play
Loss of the 1.3204 swing low would resume the downtrend and negate the higher-lows read
Fed's Cook today at 17:15 UTC, JOLTS and BoE Taylor on Tuesday, and UK GDP on Wed 06:00 UTC could materially shift this read
16:02 UTC
Recovery off week low, stalling at resistance · RSI 52 · price 1.32509
Higher lows off 1.3204, capped at 1.3275 50% retracement.
Cable sold off from 1.3349 late Tuesday to a 1.3204 week low in Thursday's NY session, then based and has printed higher lows since. Ramsden's hawkish BoE remarks lifted price through the 1.3263 Friday high at the London open. The 1.3275 day high, the 50% retracement of the sell-off, then rejected two tests, and the NY session spike reversed back to the 1.3240 NY low. Price now sits on EMA(20) near 1.3250 with RSI(14) back to ~52.
Support: 1.3240, 1.3221, 1.3204
Resistance: 1.3263, 1.3275, 1.3294
What it said to watch
H1 close above the 1.3275 day high clears the 50% retracement and opens the 61.8% fib at 1.3294
Break below the 1.3240 NY low exposes the 1.3221 monday low and the higher lows line toward the 1.3204 week low
Fed's Cook at 17:15 UTC today, then JOLTS and BoE Taylor on Tuesday could materially shift this read
UK GDP Wed 06:00 UTC is the next GBP-specific test of the 1.3275–1.3204 range
Higher highs and higher lows since Thursday's 1.3204 low; consolidating below the 50% retracement.
GBP extended Friday's recovery from the 1.3204 low after Ramsden's hawkish remarks, with the London session driving a 30-pip bar to a 1.3274 week high, just shy of the 50% retracement of last week's 1.3349–1.3204 slide. Since then, NY hours have held a 1.3245–1.3270 range above EMA(20) near 1.3252, and the higher lows from the weekly low at 1.3221 remain intact.
Support: 1.3252, 1.3245, 1.3221
Resistance: 1.3274, 1.3294
What it said to watch
H1 close below the 1.3245 swing low and EMA(20) would break the higher-lows sequence
Close above the 1.3274 week high opens the 61.8% fib of the slide near 1.3294, which lines up with the 1.3295 resistance flagged in the digest
Fed's Cook at 17:15 UTC today and Tuesday's JOLTS (f/c 7.23M) could materially shift the USD side of this read
Loss of the 1.3221 weekly low would return focus to Thursday's 1.3204 low
Higher lows off 1.3204 swing low, retracing Tue–Thu drop.
The Tue–Thu drop ran from 1.3349 to the 1.3204 swing low, led by Wednesday's London and NY sessions on a hawkish Fed and 2007-high US yields. Since then, higher lows have formed, with Friday's London rally and Monday's London open push to the 1.32745 Monday high stalling just under the 50% retracement. Monday's pullbacks have held around the 1.3245 Friday close and the ema20, as EMA20 crosses above EMA50 and RSI(14) eases to 62 from 69 on a softer USD and hawkish BoE talk.
Support: 1.3252, 1.3245, 1.3204
Resistance: 1.32745, 1.3294
What it said to watch
Hourly close below the 1.3245 Friday close and ema20 exposes the 1.3233 weekly open and the higher-lows trendline
Close above the 1.32745 Monday high opens the path to the 61.8% fib near 1.3294
Break of the 1.3204 swing low resumes the Tue–Thu drop structure
Fed's Cook at 17:15 UTC today and Tuesday's JOLTS at 14:00 UTC could shift the USD side of this read
Higher lows since Thursday's low; Friday high cleared.
The Tuesday–Thursday drop from 1.3366 bottomed at the prior low near 1.3204 during Thursday's NY session. Since then the pair has built higher lows, and Monday's London open pushed it through Friday's high as a softer USD and hawkish BoE Ramsden comments lifted GBP. Price is holding above the ema20 near 1.3250 and the weekly open at 1.3233 after the London-session dip to 1.3249 held, with the monday high at 1.3275 capping so far just under the 38.2% retrace of the Tue-Thu drop.
Support: 1.3250, 1.3233, 1.3204
Resistance: 1.32745, 1.3285, 1.3300
What it said to watch
H1 close above the monday high at 1.3275 opens the path to the 50% fib at 1.3285 and the 1.3300 round number
Failure to hold the ema20 near 1.3250, then the weekly open at 1.3233, breaks the higher lows sequence
Loss of the prior low at 1.3204 would resume the Tue-Thu drop
Fed's Cook at 17:15 UTC today and US JOLTS Tue 14:00 UTC could materially shift this read
BoE Taylor Tue 15:30 GMT and UK final GDP Wed 06:00 GMT are GBP-side risk
Double bottom at 1.3204–1.3209, higher lows since Thursday.
The Tuesday–Thursday slide from 1.3371 found a floor at the 1.3204 week low, and Friday's London-to-NY recovery built a double bottom with higher lows since. Monday gapped below Friday's close as USD opened bid, but the London open pushed through the friday high to a 1.3275 monday high, helped by Ramsden's hawkish inflation remarks, before a rejection pulled price back beneath it. Price holds above ema20 (~1.3247) with RSI(14) near 62, and the pullback sits around the 38.2% of the recovery fib.
Support: 1.3247, 1.3233, 1.3204
Resistance: 1.3263, 1.3275, 1.3300
What it said to watch
H1 close back below ema20 at 1.3247 exposes the weekly open at 1.3233 and the higher-lows line
Close above the 1.3275 monday high extends the higher-high sequence toward the 1.3300 round number
Acceptance above the 1.3263 friday high would reverse Monday's rejection
Break of the 1.3204 week low negates the double bottom and resumes the lower-low sequence
Fed's Bowman (12:15 UTC) and Cook (17:15 UTC) today, then JOLTS Tue 14:00 UTC, could materially shift this read
Higher lows off 1.3204, capped near the 38.2% fib.
Tuesday-to-Thursday's 167-pip slide from 1.3371 ended at the 1.3204 swing low, and the pair has since printed higher lows, with Monday's London open lifting price from the 1.3231 London low after Ramsden's hawkish upside-inflation remarks. The push met rejection at the 1.3274 day high, just through the 38.2% fib of the decline, and price has slipped back below the 1.3263 Friday high. It is still holding above EMA(20) near 1.3248, with RSI(14) cooling to about 58 from the spike.
Support: 1.3248, 1.3231, 1.3204
Resistance: 1.3263, 1.3274, 1.3300
What it said to watch
H1 close above the 1.3274 day high clears the 38.2% fib of the decline and opens the 1.3300 round number
Loss of EMA(20) at 1.3248 would put the 1.3231 London low and the higher-low trendline back in play
Failure to hold the higher-low trendline reopens the 1.3204 swing low
Fed's Bowman (12:15 UTC) and Cook (17:15 UTC) today could shift the USD side of this read
Higher lows off 1.3204, London break above Asian range.
The dominant move in the window was the slide from 1.3373 to the 1.3204 low in Thursday's NY session, driven by hawkish Fedspeak and firm US data. Since then, Friday's rebound and Monday's dip to the 1.3221 monday low have kept the higher-lows sequence intact. At London open, price broke above the 1.3245 Asian range top and Friday's high on a softer USD, printing a 1.3275 session high. That puts it at the 38.2% fib of the slide (1.3269), with price back above both EMAs and RSI(14) near 62.
Support: 1.3263, 1.3245, 1.3221
Resistance: 1.3275, 1.3289, 1.3296
What it said to watch
An H1 close back below the 1.3245 range top would put price back inside the Asian range and turn the London break into a false break.
Holding 1.3263 (friday high) keeps the breakout structure intact. A close above 1.3289 (fib 50%) opens the prior shelf at 1.3296.
A break of the higher-lows trendline and the 1.3221 monday low would resume the slide toward 1.3204.
BoE Ramsden at 10:00 UTC and Fed's Bowman (12:15) and Cook (17:15) today could materially shift this read.
Higher lows off 1.3204 week low; Friday high broken at London open.
Cable slid from Tuesday's 1.3373 high to a 1.3204 week low in Thursday's NY session. The heaviest selling came through Wednesday's London hours as hawkish Fedspeak and rising US yields lifted the dollar. Since then the Monday low at 1.3221 held above Thursday's trough, and the London open push took out the Friday high at 1.3263 as GBP outperformed early Monday. Price now sits above EMA(20) near 1.3244 and is pressing the 38.2% fib of the Tuesday–Thursday decline at 1.3269, with RSI(14) at 68, just short of overbought.
Support: 1.3263, 1.3244, 1.3221
Resistance: 1.3269, 1.3289, 1.3300
What it said to watch
An H1 close above the 38.2% fib at 1.3269 opens the path to the 50% fib at 1.3289, close to UOB's 1.3295, and the 1.3300 round number
A slip back below the Friday high at 1.3263 turns the move into a false break, with EMA(20) and Friday's close at 1.3244 next
Loss of the 1.3221 Monday low breaks the higher-low trendline and puts the 1.3204 week low back in play
BoE Ramsden at 10:00 UTC and Fed's Bowman at 12:15 UTC could materially shift this read
Coiling 1.3221–1.3263 after 169-pip decline; lower highs vs higher lows.
The Tuesday-to-Thursday slide from 1.3373 to the 1.3204 week low was USD-driven on hawkish Fed repricing and firm US data. Friday's London-to-NY rebound stalled at the 1.3263 friday high, just short of the 38.2% retracement of the week decline fib, as late-week BoE hike talk lent GBP some support. Monday gapped below Friday's close, held the 1.3221 monday low and filled the gap. Price is now coiling between higher lows and lower highs, sitting on a flattening EMA(20) and below EMA(50), capped by the 1.3247 asia high with the weekly open at 1.3233 just beneath and RSI(14) neutral near 52.
Support: 1.3233, 1.3221, 1.3204
Resistance: 1.3247, 1.3263
What it said to watch
H1 close above the 1.3263 friday high breaks the lower highs line and brings the 38.2% week decline fib at 1.3269 into play
Loss of the 1.3221 monday low breaks the higher lows line and exposes the 1.3204 week low
Price is holding above the weekly open at 1.3233 while capped by the 1.3247 asia high, which frames the London session range
BoE Ramsden at 10:00 UTC today: any explicit hike leaning could test the asia high
UK Q2 GDP (06:00 UTC) and US ADP/PCE (12:15–12:30 UTC) on Wed 30 Sep could materially shift this read
Tue–Thu lower highs, then a 1.3204–1.3263 range since Thursday.
The window's dominant move was the Tue–Thu slide from 1.3374 to the 1.3204 swing low during NY hours Thursday, as hawkish Fed repricing and US 10y yields above 5% lifted the USD. Friday's London-session bounce on a softer USD topped at the 1.3263 friday high into the NY open, just shy of the 38.2% fib, and has since held a range. Monday opened with a small gap below Friday's close that filled in the Asia session; the Asian range runs from the 1.3221 monday low to the 1.3247 monday high, with price hugging the ema20 at 1.3239 and RSI(14) flat near 48.
Support: 1.3239, 1.3221, 1.3204
Resistance: 1.3247, 1.3263, 1.3289
What it said to watch
H1 close below the 1.3221 monday low reopens the 1.3204 swing low; a break there confirms a lower-low and exposes the June low near 1.3140
H1 close above the 1.3263 friday high and the 38.2% fib shifts the read to a recovery, with the fib 50% at 1.3289 next
Rejection at the 1.3247 monday high keeps the range read intact
BoE's Ramsden at 10:00 UTC today and Taylor on Tuesday could shift BoE hike pricing
UK Q2 GDP Wed 06:00 UTC and US ADP/PCE Wed 12:15–12:30 UTC are the main range-break risks
Higher lows from 1.3204; Friday high broke lower-high sequence.
The week's decline ran about 176 pips, from Tuesday's 1.3380 to the 1.3204 week low during Thursday's NY session, as hawkish Fed repricing and 10y yields above 5% lifted USD. A double bottom at 1.3204/1.3209 into Friday's Asia session gave way to a NY-led rebound to the 1.3263 friday high. Monday's small gap down to the 1.3221 monday low has recovered to the 1.3247 session high, at the 23.6% retracement of the week's decline, with price back above ema20 (1.3239), RSI(14) near 51 and the higher-lows trendline intact.
Support: 1.3239, 1.3221, 1.3204
Resistance: 1.3247, 1.3263, 1.3300
What it said to watch
H1 close above the 1.3247 session high and 23.6% retracement opens the 1.3263 friday high, with the 38.2% level near 1.3271
Loss of ema20 and the 1.3221 monday low breaks the higher-lows trendline
Failure to hold the 1.3204 week low resumes the downtrend; the 1.3300 round number, broken on Wednesday, sits above the current structure
BoE Ramsden at 10:00 UTC today and UK Q2 GDP Wed 06:00 UTC could materially shift this read
US ADP/PCE Wed 12:15–12:30 UTC and Friday NFP are the main USD event risk this week
Four sessions of selling from 1.3387 on Tuesday bottomed at the 1.3204 week low in Thursday's NY session, as hawkish Fed pricing and 5%+ US yields drove the dollar. Friday's London-led bounce stalled at 1.3263, the friday high, below the 38.2% fib of the week's decline. Monday's Asia session dipped to 1.3221 after opening below Friday's close and has recovered through the 1.3233 weekly open. Price is now pressing the descending trendline near 1.3246, with RSI(14) flat around 50 and EMA(20) flattening just below.
Support: 1.3233, 1.3221, 1.3204
Resistance: 1.3246, 1.3263, 1.3296
What it said to watch
H1 close above the 1.3246 trendline and the 1.3263 friday high breaks the lower-high sequence and puts the 1.3296 wed pivot in play
Failure to hold the weekly open and the 1.3221 monday low returns focus to the 1.3204 week low
A break of the 1.3204 week low resumes the downtrend
BoE Ramsden today at 10:00 UTC could shift GBP tone at the London session
US JOLTS and Fed speakers Tuesday, then UK GDP and US ADP/PCE Wednesday, could materially shift this read
Four-day decline paused; Friday broke the lower-highs sequence, Monday printed a higher low.
GBPUSD fell from 1.3387 on Tuesday to a week low of 1.3204 in Thursday's NY session as US yields and October Fed-hike pricing dominated. RSI(14) printed a higher low there than at Wednesday's 1.3223 trough, a bullish RSI divergence, and Friday's London-led rebound broke the lower-highs sequence before capping at the 1.3263 Friday high, just under the 38.2% fib of the week's decline at 1.3274. Monday opened with a gap lower to 1.3221, then firmed through Asia on a softer USD back to the Friday close near 1.3245, with the ema20 at 1.3238 turning up underneath, EMA(50) flat at price and RSI near 55.
Support: 1.3238, 1.3221, 1.3204
Resistance: 1.3245, 1.3263, 1.3274
What it said to watch
H1 close above the 1.3263 Friday high opens the 38.2% fib at 1.3274
Loss of the 1.3221 Monday low and the higher-lows line puts the 1.3204 week low back in play
Repeated failure at the Friday close keeps the gap zone acting as a cap
BoE Ramsden Mon 10:00 UTC and Fed Musalem/Goolsbee/Williams Tue could shift the read
UK Q2 GDP Wed 06:00 UTC, then US ADP/PCE Wed 12:15-12:30 UTC, are the main event risk this week
Lower-high sequence broken Friday; higher lows at 1.3204 and 1.3221 within a 1.3204–1.3263 base.
The Tuesday–Thursday selloff from 1.3387 to the 1.3204 week low was the week's dominant leg. Wednesday's London and NY sessions drove most of it as multi-year-high US yields bid the USD. Friday's London rally broke the lower-high sequence and printed the 1.3263 friday high, stalling just above the 23.6% level of the selloff fib. Monday's Asia gap lower held at 1.3221 (monday low), forming a higher-low line off Thursday's base, and the gap has since filled on a softer USD. Price sits above the ema20 at 1.3238 and is pressing EMA(50), with RSI(14) near 55.
Support: 1.3238, 1.3221, 1.3204
Resistance: 1.3263, 1.3274
What it said to watch
H1 close above the 1.3263 friday high extends the rebound toward the 38.2% fib at 1.3274 and the 1.3295 area
Failure to hold the 1.3221 monday low and the higher-low line exposes the 1.3204 week low; a break there resumes the downtrend
Loss of the ema20 at 1.3238 returns price to the lower half of the 1.3204–1.3263 base
BoE Ramsden Mon 10:00 UTC and US JOLTS plus Fed speakers Tue could shift this read; UK Q2 GDP and US ADP/PCE Wed are the larger risk
Lower highs Tue–Thu, now a 1.3204–1.3263 range with higher lows since Thursday.
GBP/USD slid from Tuesday's 1.3387 high through Wednesday's NY session to a 1.3204 week low on Thursday, as multi-year-high US yields and hawkish Fed talk drove the USD. Friday's London-session rebound peaked at the 1.3263 friday high, short of the 38.2% fib of the week decline, and faded into the close. Monday's Asia session gapped below the 1.3244 prior close and dipped to a 1.3221 monday low, holding the higher lows trendline. Price is back on EMA(20) and RSI(14) sits near 47, consistent with the USD-softening read in the digest.
Support: 1.3221, 1.32041
Resistance: 1.32443, 1.32633, 1.3274
What it said to watch
H1 close above the 1.3263 friday high breaks the range top and opens the 38.2% fib near 1.3274
Prior close at 1.3244 marks the unfilled Monday gap, an area to watch for rejection or break
A break below the 1.3221 monday low breaks the higher lows trendline and puts the 1.3204 week low back in focus
BoE Ramsden (Mon 10:00 UTC) and UK Q2 GDP (Wed 06:00 UTC) could materially shift this read, as could US ADP and PCE on Wednesday