21:00 UTC
Downtrend, base building · RSI 47 · price 1.34601
Lower highs since mid-window, recent stabilisation above 1.3380.
Sterling has been carving lower highs from the 1.3643 peak three weeks ago into the 1.3316 swing low, with the last week consolidating in a 1.3406-1.3488 range. Price is hugging the EMA20 but capped beneath the EMA50 near 1.3529, leaving the broader pullback intact. ATR(14) compression around 40 pips alongside a neutral RSI points to a coiled tape ahead of a directional resolution.
Support: 1.3406, 1.3367, 1.3316
Resistance: 1.3488, 1.3529, 1.3643
What it said to watch
- H4 close above the 1.3488 swing high opens a path back toward the 1.3529 ema50
- Loss of the 1.3406 swing low re-exposes the 1.3367 range low and 1.3316 prior low
- Geopolitical headline risk (US-Iran, Lebanon) could materially shift this read