19:02 UTC
Range-bound, compressing, below EMA50 · RSI 44 · price 1.32954
Lower highs since Jan 2026 high, higher lows off Nov 2025 low.
GBPUSD has been range-bound between the 1.3010 range low (Nov 2025) and the 1.3869 range high (Jan 2026) since mid-2025, and the range is compressing: there is a sequence of lower highs from January into August's 1.3675 and higher lows at 1.3160, 1.3140 and now 1.3200. A September slide on firm USD and Fed hike pricing took price back below the W1 EMA(50) near 1.3400 and down to roughly the 50% retracement of the Apr–Jan rally. This week's bounce off 1.3200 followed the US payrolls miss. RSI near 44 sits mid-range and carries no regime signal.
Support: 1.3140, 1.3010
Resistance: 1.3400, 1.3675, 1.3869
What it said to watch
- Weekly close below the 1.3140 ytd low breaks the higher-lows sequence and exposes the 1.3010 range low
- Weekly close back above the ema50 near 1.3400 returns price to the middle of the range
- A break of the lower-highs line through 1.3675 would end the compression toward the 1.3869 range high
- ISM Services (Mon Oct 5) and BoE's Lombardelli (Thu Oct 8) could test whether the post-NFP USD softness holds