GBP/USD AI Live Scan, 15-minute chart, Thursday, 5 November 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.
23:46 UTC
Downtrend, early Asia bounce stalling · RSI 51 · price 1.34575
Lower highs from 1.3500 to 1.3486 to 1.3462; lower low at 1.3443.
Cable faded from the 1.3500 day high at London open as the BoE hike failed to extend gains and a firmer USD weighed. The NY decline from the 1.3486 NY high set a 1.3443 day low after NY close. The early Asia session bounce met rejection at 1.3462, a fresh lower high, with price sitting just above the ema20 and RSI(14) near 51.
Support: 1.3453, 1.34432
Resistance: 1.3462, 1.3486, 1.35006
What it said to watch
M15 close above the 1.3462 bounce high breaks the lower-highs sequence and opens a path back to the 1.3486 NY high
Failure to hold the ema20 and the 1.3443 day low extends the lower-low chain
Fed's Williams (09:30 UTC) and US NFP Fri 13:30 UTC (f/c 65K) could materially shift this read; the 1.3500 day high remains the cap
Lower highs from London open; range 1.3445–1.3486, low probed late NY.
The London open was rejected at the 1.3500 psych level, and the BoE hike failed to extend gains. Cable then ranged 1.3445–1.3486 into a late-NY probe of the 1.3443 session low. A two-bar snap-back to 1.3460 now sits at the 38.2% fib of the late NY drop and just under the ema50 (~1.3462), with RSI(14) neutral at 52.
Support: 1.3455, 1.3443, 1.3420
Resistance: 1.3462, 1.3486, 1.3500
What it said to watch
Rejection at the ema50/38.2% fib near 1.3460 keeps the lower-high sequence intact
A close back below the 1.3443 session low exposes the 1.3420 support zone
Acceptance above the 1.3486 range top reopens the 1.3500 psych level
US NFP Fri 13:30 UTC (f/c 65K) is the likely trigger to resolve the 1.3445–1.3486 range
Cable was rejected at the 1.3500 psych level at London open and has printed lower highs since. The BoE-hike spike to 1.3482 and the 1.3485 NY high both faded as USD firmed on claims, while price held near the 1.3448 London low. Early Asia is bouncing off the 1.3443 day low into EMA20 near 1.3453, with RSI(14) at 44.
Support: 1.3448, 1.3443
Resistance: 1.3460, 1.3485, 1.3500
What it said to watch
M15 close above the 1.3460 swing high (38.2% fib) breaks the lower-high sequence
Failure at 1.3448 london low and the 1.3443 day low extends the lower-low chain
US NFP Fri 13:30 UTC (f/c 65K) could materially shift this read; 1.3485 ny high and 1.3500 psych sit above
Lower highs from the 1.3486 NY high, basing near the 1.3443 day low.
London open tagged the 1.3500 round number and was rejected. The BoE hike spike to 1.3482 faded as the 9-0 vote proved priced, and supply capped the NY high at 1.3486. Lower highs since then took price to a 1.3443 day low late in NY, and early Asia is now drifting just above the pre-BoE low at 1.3448 on 5-pip bars.
Support: 1.3448, 1.3443
Resistance: 1.3460, 1.3486, 1.3500
What it said to watch
M15 close above the 1.3460 swing high (fib 38.2%) breaks the lower-high chain
Failure to hold the 1.3443 day low extends the downtrend
Williams 09:30 UTC and NFP 13:30 UTC Fri could materially shift this read
Lower highs from 1.3486 NY high, post-NY coil at day low.
Cable has fully unwound the BoE-hour spike. The fully priced 9-0 hike and firm US claims sent price from the 1.3486 NY high through a 1.3460 lower high to a fresh day low at 1.3443 after NY close. Price is now coiling in a 4-5 pip band just under the 1.3448 pre-BoE low, with RSI(14) near 37 and well off oversold.
Support: 1.34432, 1.3440
Resistance: 1.34478, 1.34598, 1.3486
What it said to watch
A close back above the 1.3460 lower high (38.2% fib) breaks the lower-high sequence
Failure to hold the 1.3443 day low exposes the 1.3440 round number
Staying capped below the 1.3448 pre-BoE low keeps the post-NY drift lower intact
The 1.3486 NY high remains the upper boundary of the intraday structure
Fed's Williams (09:30 UTC) and NFP Fri 13:30 UTC (f/c 65K) could materially shift this read
22:31 UTC
Downtrend, lower highs since 17:45 UTC · RSI 34 · price 1.34483
Lower-high/lower-low chain, testing day low in thin post-NY trade.
Cable topped at the 1.3500 Asia high before the BoE hike and gave it all back. Post-decision rallies stalled into the 1.3486 NY high, and the NY session drifted lower as firm US claims and hawkish Fed talk weighed. After the NY close, price printed a new day low at 1.3443 just under the 1.3448 London low and now sits back on that level, with RSI(14) at 34, soft but not extreme.
Support: 1.34478, 1.34432
Resistance: 1.34598, 1.3486, 1.35006
What it said to watch
M15 close below the 1.3443 day low extends the lower-low chain
Recovery above the 1.3460 swing high breaks the descending trendline and the lower-high sequence
Fed's Williams (Fri 09:30 UTC) and US NFP (Fri 13:30 UTC, f/c 65K) could materially shift this read
Rollover-hour ranges are thin; London open is the first real test of 1.3448 london low
Lower highs from 1.3500, holding a double-tested 1.3445 floor.
Cable was rejected at the 1.3500 London high at the open. The BoE-hike spike faded as GBP gave back its gains, and the 1.3486 NY high capped before the 19:00 UTC breakdown through 1.3460 retested the pre-decision floor. Price is now compressing in a tight 6-pip post-NY range just above the 1.3445 session low, with RSI(14) near 36.
Support: 1.34445
Resistance: 1.3460, 1.3486, 1.3500
What it said to watch
M15 close below the 1.3445 session low extends the lower-low sequence
Recovery above the 1.3460 breakdown (38.2% fib) negates the late-NY slide
Fed's Williams Fri 09:30 UTC, then NFP 13:30 UTC, could materially shift this read
Lower highs from 1.3501 day high; price sitting on 1.3446 range floor.
Cable has printed lower highs since the 1.3501 day high was rejected in early London. The 9-0 BoE hike spike to 1.3482 faded as the move was already priced, and the 1.3486 NY high capped the US claims rebound. Late NY has ground down to a 1.3446 session low, retesting the pre-BoE 1.3448 low into the Asia handover, with RSI(14) near 31.
Support: 1.34456
Resistance: 1.34598, 1.3486, 1.35006
What it said to watch
An M15 close below the 1.3446 session low breaks the floor of the day's range.
A recovery above the 1.3460 swing high and the descending trendline neutralises the lower-high sequence.
The 1.3486 NY high and 1.3501 day high remain the upper range cap.
Fed's Williams (Fri 09:30 UTC) and NFP (13:30 UTC) could materially shift this read.
21:46 UTC
Intraday downtrend, lower highs since 17:45 UTC · RSI 29 · price 1.34465
Lower highs/lows after NY high; fresh day low below pre-BoE low.
Cable has unwound the post-BoE bounce. It printed lower highs from the 1.3486 NY high and set a fresh day low at 1.3446 after NY close, just under the 1.3448 pre-decision low, as firm US claims and hawkish Fed talk capped it after the London-open rejection at the 1.3500 london high. RSI(14) sits near 29 and ATR is around 6 pips as the session range thins into Asia.
Support: 1.34456, 1.3440
Resistance: 1.34598, 1.3486, 1.35006
What it said to watch
Failure to hold the 1.3446 day low exposes the 1.3440 round number
M15 close back above the 1.3460 swing high breaks the lower-highs sequence and points back toward the 1.3486 ny high
Fed's Williams (09:30 UTC) and US NFP (Fri 13:30 UTC) could materially shift this read
Lower highs from 1.3486; marginal lower low at 1.3446, late NY.
Cable faded the post-BoE hike pop and has stepped lower from the 1.3486 NY high, with the 20:15 UTC bounce high at 1.3460 capping. The 1.3448-1.3446 floor has now been tested three times today, including the 11:45 UTC pre-BoE low, and the 21:00 UTC day low printed marginally below it. Price sits under both EMAs as the NY session closes.
Support: 1.34456
Resistance: 1.34598, 1.3486, 1.35006
What it said to watch
M15 close below the 1.3446 day low extends the lower-low sequence into the Asia session
Recovery above the 1.3460 bounce high breaks the descending lower-high line
Reclaim of the 1.3486 NY high reopens the London high at 1.3500 rejection zone
US NFP Fri 13:30 UTC (f/c 65K) could materially shift this read
21:01 UTC
Downtrend, pressing day low · RSI 26 · price 1.34487
Lower highs from 1.3486 NY high, retest of 1.3447 day low.
Cable was rejected at the 1.3501 London high, and the BoE hike spike to 1.3482 faded as firm US claims and hawkish Fed talk capped it, matching the digest's 'hike priced' read. Late-NY lower highs from the 1.3486 NY high have pushed price back onto the 1.3447 day low with RSI(14) near 26. The 1.3460 bounce high caps the move.
Support: 1.34475, 1.3445
Resistance: 1.34598, 1.3486, 1.35006
What it said to watch
M15 close below the 1.3447 day low breaks the double test from the BoE session and exposes the 1.3445 intraday floor
Close back above the 1.3460 bounce high breaks the late-NY lower-high trendline
Recovery through the 1.3486 NY high would neutralise the selloff; 1.3501 London high remains the session cap
Fed's Williams (09:30 UTC) and NFP (13:30 UTC Fri, f/c 65K) could materially shift this read
Post-London range 1.3448–1.3486, price at range floor.
London open was rejected at the 1.3500 london high, and the BoE 9-0 hike spike to 1.3482 faded as the move was largely priced. The 1.3486 ny high capped the afternoon, and lower highs since have brought price back to retest the 1.3448 day low late in the NY session.
Support: 1.3448
Resistance: 1.3460, 1.3486, 1.3500
What it said to watch
M15 close below the 1.3448 day low breaks the post-London range floor.
A reclaim of the 1.3460 lower high and the falling trendline neutralises the lower-high sequence.
Fed's Williams (09:30 UTC) and US NFP (13:30 UTC Fri) could materially shift this read.
20:31 UTC
Intraday down, holding the day low · RSI 35 · price 1.34534
NY range 1.3448–1.3486, lower highs since London open.
Cable has unwound a London-open rejection above 1.3500. The BoE-hike spike to 1.3482 faded as firm US claims and hawkish Fed talk capped it, and NY hours built a 1.3448–1.3486 range under a line of lower highs. Late in the NY session price is retesting the 1.3448 day low, which matches the 11:45 UTC low, with RSI(14) near 35 and price below both EMAs.
Support: 1.3448
Resistance: 1.3461, 1.3486, 1.3500
What it said to watch
M15 close below the 1.3448 day low confirms a lower low and breaks the NY range floor
Reclaim of the 1.3461 breakdown level and the 50% of the NY drop near 1.3467 shifts the read back toward the 1.3486 NY high
Close above the 1.3486 NY high breaks the lower highs line and reopens the 1.3500 london high
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) could materially shift this read
1.3448–1.3486 range since London; lower highs from 1.3500.
London open rejected the 1.3500 round number and the BoE-hike spike faded, so cable has chopped in a 1.3448–1.3486 range while firm US claims capped GBP. The late-NY slide from the 1.3486 session high retested the morning low to form a 1.3448 double low. Price holds below the 1.3462 breakdown area with RSI(14) near 35.
Support: 1.3448
Resistance: 1.3462, 1.3486, 1.3500
What it said to watch
M15 close below the 1.3448 double low breaks the session range to the downside
Reclaim of the 1.3462 breakdown area shifts focus back to the 1.3486 session high
A close above the lower-highs trendline from 1.3500 neutralises the descending sequence
Fed's Williams (09:30 UTC) and US NFP (13:30 UTC Fri) could materially shift this read
Post-BoE range 1.3454–1.3486, late-NY dip below day low then bounce.
Cable has held a 1.3454–1.3486 range since the BoE-hike spike faded under firm US claims. Late in NY hours it slipped below the 1.3462 breakdown point and briefly undercut the pre-decision 1.3448 day low before bouncing to 1.3458, just above the post-BoE low. Lower highs from the 1.3500 day high keep the descending trendline intact, and RSI(14) sits near 41 below both EMAs.
Support: 1.3454, 1.3448
Resistance: 1.3462, 1.3486, 1.3500
What it said to watch
A close back above the 1.3462 breakdown pt returns price to mid-range, with the 50% fib of the day's move near 1.3474
A close above the 1.3486 NY high breaks the lower-high trendline from the 1.3500 day high
Failure to hold the 1.3448 day low confirms a lower low toward the 1.3445 intraday floor
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC, f/c 65K) could materially shift this read
19:46 UTC
Downtrend into late NY, testing day low · RSI 35 · price 1.34532
Lower high at 1.3486, sharp selloff back to the 1.3448 day low.
London open briefly broke the 1.3500 psych level and the Asian range, then failed. That false break led to a slide into the BoE. The BoE spike to 1.3482 and the 1.3486 NY high both faded as US data and Fed hawks capped GBP, and the post-London-close selloff has carried price back to the 1.3448 day low. RSI(14) is near 35, not oversold, and price is below both EMAs with ATR around 8 pips.
Support: 1.3448
Resistance: 1.3462, 1.3486, 1.3500
What it said to watch
M15 close below the 1.3448 day low breaks the day's range floor
Reclaim of 1.3462 (the breakdown shelf) neutralises the late-NY selloff
Rejection at the 1.3486 NY high would keep the lower-high sequence intact
NFP Fri 13:30 UTC (f/c 65K) and Williams at 09:30 UTC could materially shift this read
Post-BoE range 1.3448–1.3486, late-NY leg testing the base.
London open rejected the 1.3500 london high, and the BoE-hike spike to 1.3482 was sold as the 9-0 vote was already priced, leaving a 1.3448–1.3486 range through NY. The after-London-close leg off the 1.3486 ny high has broken the 1.3463 breakdown shelf and set a 1.3452 session low just above the 1.3448 day low, RSI(14) near 38.
Support: 1.34516, 1.34478
Resistance: 1.3463, 1.3486, 1.35006
What it said to watch
M15 close below the 1.3448 day low breaks the post-BoE range floor
Recovery back above the 1.3463 breakdown level, near the 38.2% fib of the late leg, puts the 1.3486 ny high back in view
Price is still capped by the descending highs line from the 1.3500 london high
Fed Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC, f/c 65K) could reset this range
19:16 UTC
Range after London sell-off, soft into NY close · RSI 40 · price 1.34612
Post-BoE range 1.3455–1.3486 inside a lower day structure.
London open was rejected at the 1.3500 london high. The BoE's 9-0 hike sparked only a brief spike off the 1.3448 session low before claims and Fed hawks capped it. NY has since ranged between 1.3455 and 1.3486, and the latest rejection at the range high, near the 61.8% of the London drop, has price back at 1.3461 late in NY with RSI(14) near 40.
Support: 1.3455, 1.3448
Resistance: 1.3486, 1.3500
What it said to watch
M15 close below the 1.3455 range low exposes the 1.3448 session low
Close above the 1.3486 range high (london drop fib 61.8% zone) reopens the 1.3500 london high
Fed's Williams Fri 09:30 UTC and NFP 13:30 UTC are the next catalysts that could break the range
NY range 1.3455–1.3486; price back below Asian low, testing range floor.
The London-open rejection at the 1.3500 london high and the BoE hike spike to 1.3482 both faded as firm US claims and hawkish Fed remarks capped cable, leaving a 1.3455–1.3486 NY range. A late-NY rejection at the ny high has pushed price back below the 1.3463 asian low. It now sits near the 78.6% of the post-boe swing, with RSI(14) around 41.
Support: 1.3455, 1.3448
Resistance: 1.3463, 1.3486, 1.3500
What it said to watch
M15 close below 1.3455 ny low exposes the 1.3448 pre-boe low and breaks the NY range
Reclaim of the 1.3463 asian low returns price to mid-range of the post-boe swing
Close above 1.3486 ny high reopens the 1.3500 london high
Fed Williams (09:30 UTC) and NFP Fri 13:30 UTC (f/c 65K) could materially shift this read
18:46 UTC
Intraday range after London sell-off, pressing range lows · RSI 44 · price 1.34622
Post-BoE range 1.3454–1.3486 with rising lows; late-NY drop off the range top.
Cable was rejected at the 1.3500 round number at London open and slid to a 1.3448 day low. The BoE hike spike faded as firm US claims lifted USD, leaving NY in a 1.3454–1.3486 range. The late-NY drop from the 1.3486 ny high has reached the 61.8% of the boe-day fib near 1.3462, on the rising lows trendline, RSI(14) 44.
Support: 1.3454, 1.3448
Resistance: 1.3486, 1.3500
What it said to watch
M15 close below the 1.3454 post-boe low breaks the rising lows and exposes the 1.3448 day low
Recovery through the 1.3486 ny high reopens the 1.3500 round number
US NFP Fri 13:30 UTC (f/c 65K) could materially shift this read
Post-BoE range of higher lows capped below 1.3486 NY high.
London opened with a false break above the 1.3500 round number, then sold off from the 1.3497 Asian high to a 1.3448 day low. The BoE's 9-0 hike spike was faded, and NY has built higher lows off the 1.3455 NY low under a 1.3486 NY high cap. Late-NY price is easing toward the 1.3471 swing low, sitting on the 50% fib of the day's drop with RSI(14) neutral near 53.
Support: 1.3471, 1.3455, 1.3448
Resistance: 1.3486, 1.3497, 1.3500
What it said to watch
Loss of the 1.3471 swing low and the rising trendline reopens the 1.3455 NY low
An M15 close above the 1.3486 NY high puts the 1.3497 Asian high and 1.3500 round number back in play
A break of the 1.3448 day low confirms a lower-low and ends the NY range read
Fed's Williams (09:30 UTC Fri) and US NFP (13:30 UTC Fri) could materially shift this read
Post-BoE range 1.3455–1.3486; late-NY higher-low chain just broken.
Cable fell from the 1.3501 day high through London to the 1.3448 day low before the BoE. It spiked on the 9-0 hike vote, then ranged 1.3455–1.3486 through NY as the 189K claims print and hawkish Fed talk capped it. After London close the higher-low grind off 1.3457 met rejection at the 1.3486 ny high, and the rising trendline has given way, leaving price at the 1.3476 swing low between the 50% and 61.8% levels of the London drop fib; RSI(14) 56.
Support: 1.3476, 1.3455, 1.3448
Resistance: 1.3486, 1.3497, 1.3501
What it said to watch
Failure to hold the 1.3476 swing low confirms the trendline break and exposes the 1.3455 ny low, then the 1.3448 day low
An M15 close above the 1.3486 ny high reopens the 1.3497 asian high and the 1.3501 day high
A close back above the 61.8% level of the London drop fib (1.3480) would neutralise the rising trendline break
Fed's Williams (Fri 09:30 UTC) and US NFP (Fri 13:30 UTC, f/c 65K) could materially shift this read
18:01 UTC
Intraday recovery, pressing range top · RSI 62 · price 1.34829
Rising lows since 1.3448 session low, highs capped 1.3482-1.3486.
London open rejected the 1.3500 london high and cable slid to a 1.3448 session low. The BoE 9-0 hike spike stalled at 1.3482, and NY session lows have since lifted off the 1.3455 range floor (1.3454, 1.3455, 1.3457, then a 1.3470 swing low). Late NY, after London close, price is sitting just under the 1.3486 range top, back above the 61.8% retrace of the 1.3500-1.3448 drop.
Support: 1.3470, 1.3455, 1.3448
Resistance: 1.3486, 1.3500
What it said to watch
M15 close above the 1.3486 range top opens a retest of the 1.3500 london high
Loss of the 1.3470 swing low and the rising-lows line returns price to the 1.3455 range floor
Break of the 1.3448 session low invalidates the recovery read
US NFP Fri 13:30 UTC (f/c 65K) is the next event risk that could materially shift this read
1.3455–1.3484 range since BoE, higher lows pressing range top.
The London open false break above 1.3500 (london high) unwound to a 1.3448 day low. Since then, the 9-0 BoE hike vote and the US data have only produced a 1.3455–1.3484 range, consistent with the hike being priced. Late in the NY session, higher lows (latest near 1.3470) have price pressing the range top, just above the 61.8% retrace of the London drop.
Support: 1.3470, 1.3455, 1.3448
Resistance: 1.3484, 1.3501
What it said to watch
M15 close above 1.3484 range top opens a run at the 1.3500 london high
Failure to hold the 1.3470 higher low returns focus to the 1.3455 range floor
Break of the 1.3448 day low resumes the London-session lower-low sequence
Thin post-London-close liquidity into the Asia session; NFP Fri 13:30 UTC is the next major risk
17:31 UTC
Intraday range after London selloff, higher lows · RSI 58 · price 1.34803
Post-BoE range 1.3454–1.3484, price pressing range top.
London open briefly broke above the Asian range to the london high at 1.3500, then reversed into a slide to the 1.3448 day low before the BoE hike spiked price to 1.3482. Strong US claims and hawkish Fed talk capped that bounce. NY hours have held a 1.3454–1.3484 range, with higher lows since the 1.3454 ny low pushing price back to the range top at the 61.8% retracement.
Support: 1.3470, 1.3454, 1.3448
Resistance: 1.3484, 1.3500
What it said to watch
M15 close above 1.3484 range top breaks the post-BoE range and exposes the 1.3500 london high
Failure to hold the 1.3470 higher low breaks the trendline and points back to the 1.3454 ny low and 1.3448 day low
Price is stalling at the 61.8% retracement of the London selloff, with three caps near the range top so far
Late NY into Asia liquidity is thinning. US NFP Fri 13:30 UTC (f/c 65K) could materially shift this read
17:16 UTC
Intraday down from 1.3500, post-BoE base forming · RSI 60 · price 1.3481
Post-BoE range 1.3454–1.3484, higher lows pressing range top.
London open was rejected at the 1.3500 london high and cable slid to a 1.3448 day low ahead of the BoE. The hike spike to 1.3482 faded because the move was already priced and firm US claims supported USD. Since then a 1.3454–1.3484 range with higher lows has formed, and price is pressing the range top after London close, at the 61.8% fib of the London high to day low drop.
Support: 1.3468, 1.3455, 1.3448
Resistance: 1.3484, 1.3500
What it said to watch
M15 close above 1.3484 range top breaks the post-BoE range and opens the 1.3500 london high
Loss of the 1.3468 higher low and the higher-low trendline exposes the 1.3455 post-boe low and 1.3448 day low
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) could materially shift this read
17:01 UTC
Post-BoE range after a London-session drop · RSI 54 · price 1.34723
Range 1.3455–1.3484 below the London-open false break at 1.3500.
Cable climbed through the Asian session, then false-broke 1.3500 at London open and slid to a 1.3448 session low ahead of the BoE. The 9-0 hike spike and the NY rebound both stalled at the 1.3484 range top, near the 61.8% retrace of the London drop. Price now sits mid-range at 1.3472 on its EMA50, with the ny lows at 1.3455 holding after London close.
Support: 1.3455, 1.3448
Resistance: 1.3484, 1.3500
What it said to watch
M15 close above the 1.3484 range top reopens the 1.3500 london high
Failure to hold the 1.3455 ny lows exposes the 1.3448 session low
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) are the next scheduled risks to this range read
16:46 UTC
Post-BoE range after an intraday lower high · RSI 56 · price 1.3471
Range 1.3455–1.3484 below the 1.3501 day high, mid-range.
The 1.3501 day high was rejected around London open, and price slid to the 1.3448 day low. The 9-0 BoE hike then spiked cable to 1.3482, but the move faded as USD firmed on 189K claims. Through NY and after London close, price has ranged 1.3455–1.3484, with two rejections at the range top, and now sits mid-range near the 50% retrace with a flat EMA50.
Support: 1.3455, 1.3448
Resistance: 1.3484, 1.3501
What it said to watch
M15 close above the 1.3484 range top opens the path back to the 1.3501 day high
Failure to hold the 1.3455 range low exposes the 1.3448 day low
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) could materially shift this read
16:31 UTC
Post-BoE range below the London open high · RSI 47 · price 1.34633
London open spike to 1.3501 reversed; post-BoE range 1.3454–1.3484, price mid-range.
London open poked above the Asian range to the 1.3501 london high and reversed. That false break ran to the 1.3448 session low ahead of the hawkish 9-0 BoE hike. Since the decision, cable has ranged between the 1.3454 ny low and the 1.3484 boe high, capped near the 61.8% retrace of the London drop as the USD firmed on 189K claims. Price sits mid-range at 1.3463 in late NY, RSI(14) neutral near 47.
Support: 1.3454, 1.3448
Resistance: 1.3484, 1.3501
What it said to watch
M15 close above the 1.3484 boe high breaks the post-BoE range and brings the 1.3501 london high back into view
Failure to hold the 1.3454 ny low exposes the 1.3448 session low and ends the range read
Fed's Williams (Fri 09:30 UTC) and US NFP (Fri 13:30 UTC, f/c 65K) are the next scheduled risks to this range
16:16 UTC
Sideways after London sell-off, higher lows forming · RSI 55 · price 1.34751
Post-BoE range 1.3454–1.3484, flat cap over rising lows.
London unwound the Asian push to the 1.3501 session high and bottomed at the 1.3448 London low just before the BoE. The 9-0 hike spike and the late-NY pop on firm US claims both stalled at the 1.3484 post-BoE cap, near the 61.8% retrace of the London drop. NY lows at 1.3454–55 are rising, and price sits mid-range at 1.3475 into London close.
Support: 1.34546, 1.34478
Resistance: 1.34843, 1.35006
What it said to watch
M15 close above the 1.3484 post-BoE cap breaks the range top and opens the 1.3501 session high
Loss of the 1.3454 NY lows and the higher-lows line re-exposes the 1.3448 London low
Fed's Williams (Fri 09:30 UTC) and US NFP (Fri 13:30 UTC) could materially shift this read
16:01 UTC
Sideways after London sell-off · RSI 51 · price 1.34719
Post-BoE range 1.3454–1.3484 below 1.3500 London high.
London opened with a false break above the Asian range to a 1.3501 London high, then slid to a 1.3448 day low into the BoE, where the 9-0 hike spiked price to 1.3482 before the move faded. NY has held a 1.3454–1.3484 range: buyers defended the range low twice, and supply capped the range top near the 61.8% retracement of the London sell-off. Price sits mid-range at the EMA50 with RSI(14) neutral near 51.
Support: 1.3454, 1.3448
Resistance: 1.3484, 1.3501
What it said to watch
M15 close above the 1.3484 range top breaks the post-BoE range and brings the 1.3501 London high back into view
Failure to hold the 1.3454 range low exposes the 1.3448 day low
London close may thin liquidity; no scheduled data until Fed's Williams Fri 09:30 UTC, ahead of NFP at 13:30 UTC
15:46 UTC
Recovering, higher lows off day low · RSI 62 · price 1.3483
Double bottom at 1.3454 broken higher; BoE spike high cleared.
The 9-0 BoE hike spiked GBP/USD from the 1.3448 day low to 1.3482, which faded twice into a double btm near 1.3454 during NY hours. The 15:15 UTC bar then cleared the BoE high, putting price back above the 61.8% retrace of the London drop, with the 1.3500 session high next overhead.
Support: 1.3482, 1.3454, 1.3448
Resistance: 1.3500
What it said to watch
M15 close back below the 1.3482 boe high would mark a false break and reopen the 1.3454 double btm
A break of the 1.3500 session high retraces the full London drop
Loss of the 1.3448 day low breaks the higher-low trendline sequence
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) are the next scheduled USD risk
London's push above the Asian range high to 1.3501 failed, and the slide to the 1.3448 day low was reversed by the hawkish 9-0 BoE hike. The spike stalled twice at the 1.3482 BoE high, near the 61.8% of the London drop. Through the London-NY transition, firm US claims capped rebounds at the 1.3476 NY high, with buyers holding the 1.3455 NY low. Price sits mid-range below ema20.
Support: 1.3455, 1.3448
Resistance: 1.3476, 1.3482, 1.3500
What it said to watch
Break of the 1.3455 NY low exposes the 1.3448 day low; a close beneath it extends the lower-low sequence
M15 close above the 1.3476 NY high and the lower-high trendline opens the 1.3482 BoE high, then 1.3500 psych
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) are the next scheduled catalysts for a break of the NY range
15:16 UTC
Downtrend from day high, post-BoE spike fully faded · RSI 47 · price 1.3457
The 07:00 UTC push to the 1.3500 day high was rejected, and price bled to a 1.3448 day low before the 9-0 BoE hike spiked it to 1.3482, near the 61.8% retrace of the day-high fib, where it stalled. NY session has printed lower highs at 1.3476 as USD firmed on the claims beat, and price is now back on the 1.3454 post-BoE low.
Support: 1.3454, 1.3448
Resistance: 1.3476, 1.3482, 1.3500
What it said to watch
M15 close below the 1.3454 post-BoE low exposes the 1.3448 day low
Close above 1.3476 lower highs and the 1.3482 BoE high breaks the post-BoE lower-high sequence
Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) could materially shift this read
15:01 UTC
Intraday downtrend from 1.3500, now coiling · RSI 53 · price 1.34642
Lower highs and higher lows since the BoE spike; 1.3454–1.3477 contraction.
London open made a false break above the Asian range and 1.3500 at the 1.35006 london high, then slid to a 1.34478 session low before the BoE decision. The 9-0 hike spiked cable to a 1.34823 boe high, a rejection at the 61.8% of the London sell-off fib. Firm US claims and productivity data kept the bounce capped, and mid-NY price is coiling between a 1.34765 lower high and the 1.34538 post-boe low around a flat EMA20.
Support: 1.34538, 1.34478
Resistance: 1.34765, 1.34823, 1.35006
What it said to watch
M15 close above the 1.34765 lower high breaks the post-BoE contraction and puts the 1.34823 boe high back in play
Failure to hold the 1.34538 post-boe low exposes the 1.34478 session low and resumes the London sell-off structure
Only a reclaim of the 1.35006 london high would negate the false break read
No scheduled GBP/USD data in the next 8h; NFP Fri 13:30 GMT is the next major risk
14:46 UTC
Intraday downtrend from London high, NY rebound stalling · RSI 56 · price 1.34689
Lower highs 1.3500/1.3482/1.3471, NY low 1.3454 holding above pre-BoE low.
London open produced a false break of the Asian range to a 1.3501 london high, then unwound to a 1.3448 pre-BoE low. The hawkish 9-0 BoE hike spiked cable to the 1.3482 boe spike hi, but that faded after firm US claims and productivity at 13:30 GMT. NY is compressing between the 1.3454 ny low and the 1.3471 ny high, capped by the descending line off 1.3500, with RSI(14) neutral near 56.
Support: 1.34538, 1.34478
Resistance: 1.34709, 1.34823, 1.35006
What it said to watch
M15 close above the 1.3471 ny high and the descending line puts the 1.3482 boe spike hi back in play
Close above 1.3482 breaks the lower-high sequence and reopens the 1.3500 london high
Loss of the 1.3454 ny low exposes the 1.3448 pre-BoE low, the day's floor
Rejection at the 50% fib (1.3474) keeps the London selloff structure intact
US NFP Fri 13:30 GMT is the next scheduled risk that could reset this intraday range
14:31 UTC
Intraday downtrend from London open, now ranging · RSI 52 · price 1.34666
Lower highs from 1.3500; post-BoE range 1.3454–1.3482.
London open was rejected at the 1.3500 london high, the seven-week high the digest flags, and set a lower-high sequence. The 9-0 BoE hike spiked cable from the 1.3448 pre-boe low to the 1.3482 boe high, which stalled near the 61.8% retrace before fading. Price now sits mid-range near 1.3467 in early NY hours, capped at the 1.3471 ny high, with the 1.3454 ny low below and RSI(14) neutral around 52.
Support: 1.34538, 1.34478
Resistance: 1.34705, 1.34823, 1.35006
What it said to watch
M15 close above 1.3482 boe high breaks the lower-high sequence from the 1.3500 london high
Failure to hold the 1.3454 ny low exposes the 1.3448 pre-boe low
Repeated caps at the 1.3471 ny high keep price inside the post-BoE range
USD data flow ahead of Friday NFP (f/c 65K) could materially shift this read
Lower highs since the BoE spike, compressing above the session low.
Cable topped at the 1.3500 london high at London open, then bled to a 1.3448 session low before the hawkish 9-0 BoE hike spiked it to 1.3482. That boe spike stalled at a 61.8% retrace and was sold within the hour as USD firmed on strong claims and productivity data. Early NY is compressing between the 1.3454 post-BoE low and a run of lower highs near 1.3467, with price below EMA20 and RSI(14) neutral near 49.
Support: 1.3454, 1.3448
Resistance: 1.3467, 1.3482, 1.3500
What it said to watch
M15 close above 1.3467 breaks the lower-highs line and puts the 1.3482 boe spike back in focus
Failure to hold the 1.3454 post-BoE low exposes the 1.3448 session low and a fresh lower-low
Only a reclaim of the 1.3500 london high negates the intraday downtrend read
14:01 UTC
Intraday downtrend, lower highs since London open · RSI 44 · price 1.3460
Lower highs from 1.3500; post-BoE spike fully faded, now pressing post-BoE low.
London open made a false break above the 1.3500 london high and slid 52 pips to the 1.3448 session low. The 9-0 BoE hike lifted price to the 1.3482 boe high, a rejection near the 61.8% retrace and on the lower highs line, and that move has since been given back as USD firmed on the 189K claims print. Early NY trade is pressing the 1.3456 post-boe low, with RSI(14) near 44 and ATR around 10 pips.
Support: 1.3456, 1.3448
Resistance: 1.3482, 1.3500
What it said to watch
M15 close below the 1.3448 session low extends the lower-low sequence from the London open
Recovery through the 1.3482 boe high breaks the lower highs line and the 61.8% rejection
Repeated holds at the 1.3456 post-boe low would shift the read toward NY session ranging below 1.3482
No scheduled data in the next 8h. US headline flow and DXY around 101.00 drive cable into the NY close
Lower highs from 1.3501 London-open high; BoE spike ~61.8% retraced.
London open pushed above the Asian range to a 1.3501 London high, then reversed and printed lower highs into a 1.3448 day low ahead of the BoE. The 9-0 hike spiked cable to the 1.3482 BoE high, which capped twice, and the USD recovery has pulled the BoE spike back toward its 61.8% near 1.3461, with RSI(14) neutral at 46.
Support: 1.3456, 1.3448
Resistance: 1.3482, 1.3501
What it said to watch
Failure to hold the 1.3456 post-BoE low exposes the 1.3448 day low and extends the lower-low sequence
M15 close above the 1.3482 BoE high breaks the lower-highs trendline; the 1.3501 London high sits above
Fed's Hammack at 13:50 GMT and the jobless claims reaction during NY hours could materially shift this read
13:31 UTC
Intraday downtrend, lower highs since London open · RSI 43 · price 1.3458
Lower highs at 1.3500 and 1.3482, BoE spike fully unwound.
London faded a false break of the 1.3500 London high at the open, and the London selloff printed lower highs into a 1.3448 session low. The BoE 9-0 hike spike stalled at 1.3482. That BoE high matched the 09:00 GMT high and sat near a 61.8% retracement of the London selloff. The move has since unwound toward the 1.3456 post-BoE low, with RSI(14) near 43.
Support: 1.3456, 1.3448
Resistance: 1.3471, 1.3482, 1.3500
What it said to watch
M15 close below the 1.3448 session low confirms a lower-low beneath the post-BoE low
Close back above the 1.3471 post-BoE cap and the 1.3482 BoE high breaks the lower-high sequence, with the 1.3500 London high above
US jobless claims at 13:30 GMT, Fed's Hammack at 13:50 GMT and the ongoing Bailey presser could materially shift this read
13:16 UTC
Intraday downtrend, lower highs since London open · RSI 46 · price 1.34637
Lower highs below 1.3482, BoE spike fully faded.
London open was rejected at 1.3500, the london high, and the selloff broke below the Asian range to a 1.3448 london low. The BoE 9-0 hike spiked price to 1.3482, matching the 09:00 swing high just above the 61.8% fib, and that move has fully faded. Price now sits near the 1.3459 post-BoE low, below both EMAs, with RSI(14) neutral at 46 during the London-NY transition.
Support: 1.3459, 1.3448
Resistance: 1.3482, 1.3500
What it said to watch
M15 close above the 1.3482 swing high breaks the lower-high sequence
Failure to hold the 1.3459 post-BoE low exposes the 1.3448 london low
US Jobless Claims at 13:30 GMT, Hammack at 13:50 GMT and the ongoing Bailey presser could materially shift this read
13:01 UTC
Intraday downtrend from London open, post-BoE chop · RSI 45 · price 1.34671
Lower highs since 1.3500 rejection; BoE spike capped at 1.3482.
Asia ground up to the 1.3500 london high, where the London open was rejected and price slid in lower highs to a 1.3448 day low, sweeping yesterday's 1.3454 low. The 9-0 BoE hike sparked a 30-pip spike that stalled at the 1.3482 boe high, near the 61.8% of the london drop fib, and has faded back to the 38.2% around 1.3468, with the 1.3459 post-boe low holding so far.
Support: 1.3459, 1.3448
Resistance: 1.3482, 1.3500
What it said to watch
US jobless claims at 13:30 GMT, Fed's Hammack at 13:50 GMT and Bailey's ongoing presser could materially shift this read
M15 close above the 1.3482 boe high invalidates the lower-high sequence and puts the 1.3500 london high back in view
Failure to hold the 1.3459 post-boe low reopens the 1.3448 day low and fully retraces the BoE spike
Lower highs since London open; post-BoE spike capped near 61.8% retrace.
London faded a London-open spike to 1.3501 and ground lower to a 1.3448 session low, briefly undercutting yesterday's 1.3455 prior low. The hawkish 9-0 BoE hike then lifted cable about 30 pips, but the pop stalled twice at 1.3482, the BoE high and the 61.8% retrace of the London drop. Price sits back near 1.3469 as Bailey's press conference starts.
Support: 1.3455, 1.3448
Resistance: 1.3482, 1.3501
What it said to watch
Bailey press conference (12:30 GMT) under way; guidance trimming the hike path would put the 1.3448 session low back in play
M15 close above the 1.3482 BoE high breaks the London lower-high sequence and reopens the 1.3501 london high
Failure to hold the 1.3455 prior low exposes the 1.3448 session low
US jobless claims at 13:30 GMT and Fed's Hammack at 13:50 GMT add USD-side event risk
Lower highs since London open; post-BoE spike capped at 1.3482.
London open swept the Asian high to the 1.3501 London high, then built lower highs at 1.3482. Price broke the 1.3476 Asian low and the 1.3454 prior-day low into a 1.3448 session low ahead of the BoE. The 9-0 hike vote triggered a 30-pip spike that stalled at the lower highs near the 61.8% fib, and price has settled back near the 1.3465 swing low and the ema20, with RSI(14) up to ~48 from 27.
Support: 1.34646, 1.34544, 1.34478
Resistance: 1.34757, 1.34825, 1.35006
What it said to watch
Bailey press conference at 12:30 GMT could materially shift this read; the digest flags guidance vs priced hikes as the key swing factor
M15 close above the 1.3482 lower highs breaks the London downtrend sequence and puts the 1.3501 London high back in play
Failure to hold the 1.3465 swing low reopens the prior-day low at 1.3454 and the 1.3448 session low
US jobless claims at 13:30 GMT and Fed's Hammack at 13:50 add USD event risk into the NY open
12:01 UTC
Downtrend since London open, lower highs intact · RSI 28 · price 1.34534
Double top near 1.3500, prior low 1.3454 marginally broken pre-BoE.
The London open rejected 1.3500, just shy of yesterday's 1.3503 high, forming a double top. The London sell-off has since printed a chain of lower highs, broken the Asian low near 1.3463 and slipped under yesterday's 1.3454 prior low to a 1.3451 session low into the BoE. RSI(14) is near 28 and ATR is about 7 pips, with the lower-high trendline from 1.3482 capping near 1.3467.
Support: 1.3451, 1.3445
Resistance: 1.3454, 1.3467, 1.3500
What it said to watch
BoE decision at 12:00 GMT and Bailey at 12:30 GMT can override this structure. A dovish-hike reaction would put the 1.3445 range low in play.
An M15 close back above the 1.3454 prior low and the lower-high trendline near 1.3467 negates the breakdown read.
Acceptance below the 1.3451 session low extends the lower-low sequence from the 1.3500 double top.
US jobless claims at 13:30 GMT and Fed's Hammack at 13:50 GMT are a second volatility window.
Lower highs since London open; Asian range broken lower.
The European open rejected 1.3501, forming a double top with yesterday's 1.3503 high. London then broke the Asian low at 1.3476 and printed lower highs into a test of yesterday's 1.3454 prior low, with RSI(14) near 29. Pre-BoE de-risking fits the digest's flagged dovish-hike risk; the BoE decision lands at 12:00 GMT, within two bars.
Support: 1.34544, 1.3445
Resistance: 1.3467, 1.34757, 1.35006
What it said to watch
BoE decision 12:00 GMT and Bailey at 12:30 GMT can override this structure; the MPC vote split is the first tell
M15 close below the 1.3454 prior low extends the lower-low chain toward the 1.3445 range floor
Recovery through the 1.3467 lower highs line and back above the 1.3476 Asian low negates the London breakdown
Close above the 1.3500–1.3503 double top voids the reversal read
11:31 UTC
Intraday downtrend, lower highs since London open · RSI 36 · price 1.34584
False break above Asian range, now testing prior low.
London open briefly pushed through the Asian range high to 1.3501, a second rejection under yesterday's 1.3503 high that leaves a double top. That false break has unwound into a chain of lower highs under a falling trendline, and price is now sitting on yesterday's NY prior low at 1.3455 ahead of the BoE. RSI(14) is near 36, not stretched, and ATR(14) is about 8 pips.
Support: 1.3455, 1.3450
Resistance: 1.3467, 1.3483, 1.3500
What it said to watch
M15 close below the 1.3455 prior low confirms the double top and exposes the 1.3450 round number
Reclaim of the 1.3467 lower high and the falling trendline breaks the lower-high chain; 61.8 fib at 1.3483 is the next cap
BoE decision and vote split at 12:00 GMT, then Bailey at 12:30 GMT, could override this intraday structure; a 7-2 vote with hawkish guidance would challenge the double top at 1.3500
US Initial Jobless Claims at 13:30 GMT adds a second volatility window in the NY session
11:16 UTC
Downtrend since London open, momentum soft · RSI 37 · price 1.34599
Lower highs and lower lows; Asian range broken lower.
London open swept the Asian range high into the 1.3503 prior high and reversed hard, breaking the 1.3463 Asian low. The 1.3483 lower high capped the bounce. Price is now pressing the 1.3458 London low just above yesterday's NY prior low at 1.3454, with RSI(14) at 37 and pre-BoE positioning for a 'dovish hike' in focus.
Support: 1.3458, 1.3454, 1.3445
Resistance: 1.3463, 1.3483, 1.3503
What it said to watch
BoE decision at 12:00 GMT and Bailey at 12:30 GMT could materially shift this read; the vote split vs the 7-2 forecast is the key input
Failure to hold the 1.3454 prior low extends the lower-low sequence toward the 1.3445 boe pivot flagged in the digest
A close back above the 1.3463 Asian low, then the lower-highs line near the 1.3483 lower high, negates the London downswing read
US Initial Jobless Claims at 13:30 GMT add a second volatility window
Lower highs and lower lows since the 07:00 GMT rejection at 1.3500; Asian range low lost, price testing the neckline.
The 07:00 GMT poke to 1.3501 failed under Wednesday's 1.3503 high, leaving a double top. London then broke the Asian range low near 1.3469, with lower highs at the 1.3482 London high and 1.3467. Price sits just above the 1.3458 session low and Wednesday's 1.3454 neckline, RSI(14) near 33, with BoE hike pricing setting up a 'dovish hike' pullback risk.
Support: 1.3458, 1.3454
Resistance: 1.3467, 1.3482, 1.3501
What it said to watch
BoE decision, vote split vs 7-2 and MPR at 12:00 GMT, then Bailey at 12:30, could materially shift this read
M15 close below the 1.3454 neckline and 1.3458 session low completes the double top
Recovery through the lower-highs trendline and above the 1.3482 London high breaks the lower-high chain; the London drop fib 50-61.8% sits at 1.3480-1.3484
US Jobless Claims at 13:30 GMT add USD-side event risk
10:31 UTC
Downtrend since London open · RSI 31 · price 1.34638
Lower highs from 1.3500, Asian range low broken, testing 1.3460 swing low.
London open was rejected at 1.3500, just shy of yesterday's 1.3503 7-week high, and the London decline has since erased the whole Asian grind higher, breaking the 1.3463 Asian low into the 1.3460 swing low. Pullbacks are capped at the 1.3482 lower high as positioning turns cautious into the BoE, with the Construction PMI miss largely ignored.
Support: 1.3460, 1.3454
Resistance: 1.3463, 1.3482, 1.3502
What it said to watch
M15 close back above the 1.3463 Asian low would turn the range break into a false break
Failure to hold the 1.3460 swing low exposes the 1.3454 prior low from yesterday's NY session
Close above the 1.3482 lower high breaks the lower-highs line and the 50% of the London decline
Retest of 1.3500 would put the 7-week high back in play
BoE decision at 12:00 GMT and Bailey at 12:30 GMT could materially shift this read; vote split vs 7-2 is the key variable
10:16 UTC
Intraday downtrend, lower highs since London open · RSI 34 · price 1.3464
London rejected 1.3500 and reversed the full Asian range; now pressing below the Asian low.
London open spiked above the Asian high to 1.3500 near the seven-week top and was rejected. Price then unwound the whole Asian climb, with a lower high at 1.3482 and a new session low at 1.3461 just under the Asian low. Positioning into the BoE has added to the pullback, with RSI(14) near 34, soft but not stretched.
Support: 1.3461, 1.3454, 1.3445
Resistance: 1.3482, 1.3500
What it said to watch
BoE decision, vote split and MPR at 12:00 GMT, then Bailey at 12:30, could materially shift this read
Failure to hold the 1.3461 session low exposes yesterday's prior low at 1.3454, then the 1.3445 psych area
M15 close back above the 1.3482 lower high breaks the London lower-high sequence
Retest of the 1.3500 London high would show whether supply still caps that area
Lower highs and lower lows since London open, trading below the Asian range low.
Into London open, price stalled at 1.3501, just under yesterday's 1.3503 high. That double top produced a 35-pip rejection that erased the Asian range gains, consistent with the digest's early-Europe USD bounce. London has since capped rallies at 1.3482 with lower highs, and price is now pressing the 1.3465 london low with RSI(14) near 32, close to the 78.6% retrace of the 1.3454–1.3501 rise.
Support: 1.34646, 1.34544
Resistance: 1.3482, 1.35006
What it said to watch
M15 close below the 1.3465 london low extends the lower-low sequence and exposes the 1.3454 prior low
A close back above the 1.3482 lower highs trendline breaks the London lower-high sequence
BoE decision at 12:00 GMT and Bailey at 12:30 GMT, about 2h out, could materially shift this read; a cautious-guidance hike would test the 1.3454 prior low
Reclaim of the 1.3501 double top area would negate the rejection read
09:46 UTC
Intraday pullback, ranging after London reversal · RSI 40 · price 1.3472
London false break above Asian high, now ranging 1.3465–1.3482.
London open pushed through the asian high at 1.3497 to 1.3501, just shy of yesterday's 1.3503 prior high. It then reversed about 35 pips to a london low of 1.3465, near the Asian range floor. Price has since held a 1.3465–1.3482 range below both EMAs, with the range top capping at the 50% fib of the London drop and RSI(14) near 40, as GBP waits on the BoE.
Support: 1.3465, 1.3454
Resistance: 1.3482, 1.3497, 1.3503
What it said to watch
BoE decision, vote split and MPR at 12:00 GMT, plus Bailey at 12:30, could materially shift this read
Break of the 1.3465 london low opens yesterday's prior low at 1.3454
M15 close above the 1.3482 range top (50% fib) puts the asian high at 1.3497 back in view
US jobless claims at 13:30 GMT add USD event risk into the NY open
09:31 UTC
Intraday pullback, lower highs since London open · RSI 38 · price 1.34712
Asian range broken lower; lower highs capped at 1.3482, London low 1.3465 holding.
Late Asia's push to 1.3501 failed under yesterday's 1.3503 seven-week high, forming a double top. London open then broke the Asian range low and printed a 1.3465 London low. Bounces have stalled three times at the 1.3482 London high, the 50% retrace of the London drop, and price sits back under EMA20/50 with the BoE due at 12:00 GMT.
Support: 1.3465, 1.3454
Resistance: 1.3482, 1.3503
What it said to watch
M15 close below the 1.3465 London low exposes yesterday's 1.3454 swing low, the double top neckline
M15 close above the 1.3482 London high (50% retrace) breaks the lower-high sequence
BoE decision, MPC vote split and MPR at 12:00 GMT, then Bailey at 12:30, could materially shift this read
US jobless claims at 13:30 UTC add USD event risk into the London-NY transition
09:16 UTC
Intraday pullback inside a range · RSI 43 · price 1.34807
Double top at 1.3500, lower high pending.
London open briefly broke above the asian high at 1.3497 and was rejected at 1.3501, just under yesterday's 1.3503. That forms a double top, and price dropped about 36 pips to the london low at 1.3465 as the USD clawed back in early Europe. The bounce has stalled near 1.3482, the bounce high and the 50% retracement of that drop. Price sits below EMA20/50 with RSI(14) near 43.
Support: 1.3465, 1.3454
Resistance: 1.3482, 1.3497, 1.3503
What it said to watch
BoE decision and vote split at 12:00 GMT, with Bailey at 12:30, could materially shift this read
M15 close back above the asian high at 1.3497 weakens the double top read; a break of 1.3503 negates it
Failure to clear the 1.3482 bounce high, then a loss of the 1.3465 london low, confirms a lower high and exposes the 1.3454 prior low
US jobless claims at 13:30 UTC add USD-side event risk
09:01 UTC
Intraday pullback from 1.3500, below both EMAs · RSI 38 · price 1.34753
Double top at 1.3500-1.3503, London lower high at 1.3482.
London open rejected 1.3500, a second test of yesterday's 1.3503 high that completes a double top. The drop briefly broke the Asian low to a London low at 1.3465, but the break did not hold and the bounce stalled at the 50% retrace near 1.3482. Price sits below both EMAs with RSI(14) near 38 ahead of the BoE decision, where markets fully price a hike and the vote split matters.
Support: 1.3465, 1.3454
Resistance: 1.3482, 1.3502
What it said to watch
A close back above the 50% retrace at 1.3482 opens a retest of the 1.3500-1.3503 double top
Failure to hold the London low at 1.3465 exposes yesterday's prior low at 1.3454
BoE decision and MPC vote at 12:00 GMT, then Bailey at 12:30, can reset this structure
Second rejection at 1.3500; Asian range low broken, London low 1.3465 holding.
The 07:00 GMT spike to 1.35006 failed just under yesterday's 1.3503 prior high. That was the second rejection at 1.3500, and the slide that followed broke the Asian range low. London open dipped to the 1.3465 London low and bounced, but the recovery stalled at the 50% retrace near 1.3482, with price now back below both EMAs ahead of the 12:00 GMT BoE decision.
Support: 1.34646, 1.34544
Resistance: 1.34821, 1.3503
What it said to watch
BoE decision at 12:00 GMT, with the MPC split versus the 7-2 consensus and Bailey's 12:30 GMT presser, could materially shift this read
M15 close back above the 50% retrace at 1.3482 reopens the 1.3500/1.3503 prior high
Failure to hold the London low at 1.3465 exposes yesterday's NY prior low at 1.3454
US Initial Jobless Claims at 13:30 GMT add a second volatility window after the BoE
08:31 UTC
Range, sold off from 1.3500 at London open · RSI 41 · price 1.34781
Double rejection at 1.3500–1.3503; Asian low broken then reclaimed.
The pre-London push hit 1.3501 and met the same rejection seen at yesterday's 1.3503 prior high. Price then broke the 1.3476 Asian low, ran to a 1.3465 London low and reclaimed it. Price is back near the 38.2% fib retrace, below EMA20/50, an hour into the London session ahead of the BoE.
Support: 1.34757, 1.34646, 1.34544
Resistance: 1.34969, 1.3503
What it said to watch
M15 close back below the asian low at 1.3476 reopens the london low at 1.3465, then yesterday's prior low at 1.3454
Close above the asian high at 1.3497 brings the 1.3500–1.3503 prior high back into play; a third failure there would mark a double top
BoE decision at 12:00 GMT (f/c 25bp hike, 7-2 vote) and Bailey at 12:30 GMT could materially shift this read
US jobless claims at 13:30 GMT add event risk during the first hour of NY
London open was rejected at 1.3500, a second failure under Wednesday's 1.3503 high that forms a double top. The 30-pip drop broke the 1.3488 asian base and has retraced nearly all of the Asia rally fib. Price now sits just above the 1.3463 asian low, with RSI(14) near 30 as caution builds before the BoE.
Support: 1.3463, 1.3454
Resistance: 1.3488, 1.3503
What it said to watch
Failure to hold the 1.3463 asian low exposes the 1.3454 ny low, the double top neckline
M15 close below 1.3454 confirms the double top
Recovery back above the 1.3488 asian base negates the range break
BoE decision and MPC vote at 12:00 GMT, Bailey at 12:30, then US jobless claims at 13:30 GMT, could materially shift this read
Double top at 1.3500–1.3503, overnight rally unwound.
The pre-London push through the Asian high failed at 1.3501, just under yesterday's USD-slump high of 1.3503. That false break completed a double top and erased the overnight rally to the 78.6% fib, which sits at the 1.3470 session low, with RSI(14) near 31. Price is now below the 1.3490 asian base ahead of the 12:00 GMT BoE decision.
Support: 1.3470, 1.3460, 1.3454
Resistance: 1.3490, 1.3503
What it said to watch
Failure to hold the 1.3470 session low exposes the 1.3460 range lows and the 1.3454 prior low
M15 close back above the 1.3490 asian base neutralises the double top read
BoE decision at 12:00 GMT (f/c 7-2 hike to 4%) and Bailey at 12:30 could materially shift this read
US jobless claims at 13:30 GMT add USD-side risk into the NY session
07:46 UTC
Range-bound, momentum turned lower at London open · RSI 34 · price 1.34774
1.3454–1.3503 range; London rejected the top and broke the Asian shelf.
London open spiked to 1.3501, just shy of yesterday's 1.3503 7-week high, and reversed about 23 pips through the 1.3489 asian shelf. Price now sits at the 50% retrace of the NY-low-to-London-high recovery, below both EMAs with RSI(14) near 34, as positioning trims ahead of the BoE decision.
Support: 1.34756, 1.34633, 1.34544
Resistance: 1.34885, 1.35006, 1.3503
What it said to watch
A close back above the 1.3489 asian shelf negates the London rejection
A break of the 1.3476 session low exposes the 61.8% retrace at 1.3472 and the 1.3463 rollover low
Loss of the 1.3454 prior low (yesterday's NY low) breaks the range and confirms a lower low
BoE decision at 12:00 GMT (vote f/c 7-2) and US jobless claims at 13:30 UTC could materially shift this read
Higher lows off Asian low, Asian high broken at London open.
Early London pushed GBPUSD through the 1.3497 Asian high to 1.3499, and price now sits just under Wednesday's 1.3503 prior high as the broad USD slide carries over ahead of the BoE. Asian lows built a rising trendline from the 1.3463 Asian low, and the 1.3488 range floor held on every dip overnight.
Support: 1.3497, 1.3488, 1.3463
Resistance: 1.3503, 1.3510
What it said to watch
M15 close above the 1.3503 prior high opens the 1.3505–1.3510 upper res
Slip back below the 1.3497 Asian high would mark the break as a false break
Loss of the 1.3488 range floor and the rising trendline exposes the 1.3463 Asian low
BoE decision and vote at 12:00 GMT, then Bailey at 12:30 GMT, could materially shift this read; US jobless claims follow at 13:30 GMT
Asia HL chain capped by prior high; tight 1.3488–1.3497 box.
Asia session retraced the entire NY selloff to 1.3454, building higher lows along the Asia trendline. It stalled at the 1.3497 asian high, just under yesterday's 1.3503 prior high (the 7-week top). Price has spent the last two hours compressed in a 1.3488–1.3497 box into London open, RSI(14) neutral near 54, as GBP holds firm into the fully priced BoE hike.
Support: 1.3488, 1.3460
Resistance: 1.3497, 1.3503
What it said to watch
M15 close above the 1.3503 prior high breaks the 7-week top and ends the consolidation read
Loss of the 1.3488 session low and the Asia trendline points back toward the 1.3460 swing low
BoE decision, vote split and MPR at 12:00 GMT, then Bailey at 12:30 GMT, could materially shift this read
US Jobless Claims at 13:30 UTC adds USD-side volatility after the BoE
Asia session lifted GBPUSD from the 1.3463 asian low to a 1.3497 asian high on the post-midterm USD selloff. Price is now coiling in a 1.3488–1.3497 band just under yesterday's 1.3503 prior high into London open, with pullbacks holding the 23.6% of the Asian leg fib and RSI(14) at a neutral 57.
Support: 1.34885, 1.3482, 1.34633
Resistance: 1.34969, 1.3503
What it said to watch
M15 close above the 1.3503 prior high breaks yesterday's range top
Loss of the 1.3488 pullback low exposes the 1.3482 swing low near the 38.2% of the Asian leg
Below 1.3482, the 1.3463 asian low is the next reference
BoE decision at 12:00 GMT (7-2 hike f/c) and Bailey at 12:30 GMT could override intraday structure; US claims at 13:30 UTC follow
The Asia session lifted GBPUSD from the 1.3463 asian low to a 1.3497 asian high as the post-midterm USD selloff extended, a HH/HL chain now stalling just under yesterday's 1.3503 prior high. Price is easing into the London open with RSI(14) neutral near 53 and slipping under EMA20; the 1.3484 swing low, which sits at the 38.2% level of the Asian leg fib, is the nearest higher low.
Support: 1.34841, 1.34633
Resistance: 1.34969, 1.3503
What it said to watch
Failure to hold the 1.3484 swing low breaks the Asian HH/HL chain and exposes the 1.3463 asian low
An M15 close above the 1.3497 asian high puts the 1.3503 prior high back in play
The BoE decision at 12:00 GMT (f/c 7-2 hike to 4%) and Bailey at 12:30 GMT could materially shift this read
US jobless claims at 13:30 GMT add USD event risk into the NY open
06:01 UTC
Intraday uptrend, stalling under Asian high · RSI 57 · price 1.34925
Higher lows through Asia, compressing below 1.3497.
Asia has recovered ~79% of yesterday's NY drop from the 1.3503 prior high to the 1.3454 NY low. It has printed higher lows at 1.3482 (swing low), 1.3484 and 1.3489 as USD selling extended. Price is consolidating just under the Asian high at 1.3497, with RSI(14) neutral near 57 ahead of the BoE.
Support: 1.34886, 1.3482, 1.34544
Resistance: 1.34969, 1.3503
What it said to watch
M15 close above the Asian high at 1.3497 exposes the 1.3503 prior high
Break of the asia hl trendline and the 1.3489 higher low shifts focus to the 1.3482 swing low
BoE decision and vote at 12:00 UTC (f/c 7-2 hike) could materially shift this read; a dovish split puts the 1.3454 NY low back in play
US jobless claims at 13:30 UTC as the USD-side input
05:46 UTC
Uptrend, grinding higher through Asia · RSI 59 · price 1.34927
Higher-high / higher-low chain off the 1.3467 Asia low, capped just under the 1.3503 7wk high.
Asia session has retraced most of Wednesday's NY slide from the 1.3503 7wk high to 1.3454, building higher lows above the asia trendline to a 1.3497 asia high as post-midterm USD weakness persists. Price sits at 1.3493, just above the 04:45 higher low at 1.3489, with RSI(14) near 59 and ATR around 3.6 pips ahead of London open.
Support: 1.34886, 1.3482, 1.34671
Resistance: 1.34969, 1.3503
What it said to watch
M15 close above the 1.3503 7wk high breaks out of Wednesday's range
Failure to hold the 1.3489 higher low ends the Asia HH/HL chain
Loss of the 1.3482 swing low (50% of the asia leg fib) and the asia trendline exposes the 1.3467 asia low
BoE decision and vote split at 12:00 UTC, Bailey at 12:30 UTC, could materially shift this read
Higher-low chain through Asia, capped at Asian high.
GBPUSD has rebuilt from Wednesday's NY low at 1.3454 with a chain of higher lows through the Asian session, on continued USD weakness after the midterms. Late Asia, the Asian high at 1.3497 capped the move and price is consolidating at 1.3492 just under the 1.3500 psych level. RSI(14) is neutral at 56 and ATR(14) is about 3.4 pips, so ranges are tight ahead of the London open.
Support: 1.34886, 1.34841, 1.34757
Resistance: 1.34969, 1.3500, 1.3503
What it said to watch
M15 close above 1.3500 psych exposes yesterday's prior high at 1.3503, the 7-week high
A break below the 1.3489 swing low and the 1.3484 higher low ends the Asian higher-low chain and brings the 1.3476 Asian low into play
Pullback has held above the 23.6% fib of the NY low to Asian high move; a slide to 38.2% near 1.3481 would signal a deeper retracement
BoE decision and vote split at 12:00 UTC, with Bailey at 12:30 UTC, could materially shift this read
US jobless claims at 13:30 UTC is the next USD-side catalyst
05:16 UTC
Intraday uptrend, pausing below Asian high · RSI 58 · price 1.34911
Higher highs and higher lows through Asia, shallow pullback from 1.3497.
Late Asia session. GBPUSD has climbed in a higher-high, higher-low sequence off the 1.3467 Asian low, which recovered most of yesterday's NY slide to the 1.3454 NY low. The move stalled at the 1.3497 Asian high, just under yesterday's 1.3503 prior high, as USD stays heavy after the Democratic midterm sweep. Price is holding about 20% into a retracement of the Asia leg, with RSI(14) near 58 and ATR around 4 pips.
Support: 1.34841, 1.34671, 1.34544
Resistance: 1.34969, 1.3503
What it said to watch
A close above the 1.3497 Asian high and 1.3503 prior high would extend the higher-high chain into London open
Failure to hold the 1.3484 swing low would break the Asian higher-low sequence and put the 50–61.8% zone of the Asia leg (1.3482–1.3479) in play
A drop back to the 1.3467 Asian low would erase the session's gains and expose yesterday's 1.3454 NY low
The BoE decision at 12:00 UTC could reset this read, with the vote split against the 7-2 forecast as the first trigger
Asia higher-low chain from 1.3467, capped under 1.3497 Asian high.
Asia session retraced most of yesterday's NY slide from the 1.3503 7-week high to the 1.3454 NY low. It printed higher lows off the 1.3467 Asian low to a 1.3497 Asian high on post-midterm USD weakness. Price is now slipping just under the rising Asia trendline with RSI(14) near 60 and ATR around 4 pips, holding above the 1.3484 swing low ahead of the BoE.
Support: 1.3484, 1.3467, 1.3454
Resistance: 1.3497, 1.3503
What it said to watch
BoE decision and vote split at 12:00 UTC, then Bailey at 12:30 UTC, could materially shift this read; a dovish hike points back toward the 1.3454 NY low
M15 close above the 1.3497 Asian high puts the 1.3503 7wk high back in play
Failure to hold the 1.3484 swing low ends the Asia higher-low chain and opens the 1.3467 Asian low, near the 61.8% of the Asia leg fib
US Initial Jobless Claims at 13:30 UTC adds USD-side event risk
Higher-low chain from the 1.3463 rollover low, pressing the 1.3497 asia high.
With the USD heavy after the US midterms, the Asian session has climbed in a clean higher-low chain from the asia low at 1.3476. That leaves price about 80% back into Wednesday's NY selloff fib, which ran from the 1.3503 wed high to the 1.3454 ny low. RSI(14) sits near 61 and ATR is about 4 pips, so momentum is firm but not stretched as price sits just under the 1.3497 asia high.
Support: 1.3484, 1.3476, 1.3454
Resistance: 1.3497, 1.3503
What it said to watch
M15 close above the 1.3503 wed high clears the 7-week top
Break below the 1.3484 higher low ends the Asian HH/HL sequence and puts the 1.3476 asia low back in play
Trendline support from the rollover low (rising trendline) breaking would signal the Asian leg is fading
BoE decision and vote split at 12:00 UTC (~7h) could materially shift this read; Bailey follows at 12:30 UTC
HH/HL chain through Asia, pressing toward the 1.3500–1.3503 prior-day high zone.
Asia has stepped higher from the 1.3463 asian low along rising support. Price has retraced about 80% of Wednesday's NY slide from the 1.3503 prior high to the 1.3454 NY low and now sits at the session high just under the 1.3500 round number, RSI(14) near 70. Post-midterm USD softness is doing the lifting into the BoE.
Support: 1.3484, 1.3463, 1.3454
Resistance: 1.3500, 1.3503
What it said to watch
M15 close above 1.3503 prior high clears Wednesday's peak; rejection at the 1.3500 round number leaves the fib retracement capped
Loss of the 1.3484 swing low breaks rising support and the Asian HL chain
Back below the 1.3463 asian low puts the 1.3454 NY low back in play
BoE decision 12:00 UTC (f/c 7-2 hike) and Bailey at 12:30 could materially shift this read; a softer vote split is the downside trigger
US jobless claims 13:30 UTC add USD-side event risk
Late Asia session has ground higher in a tight HH/HL chain off the 1.3463 rollover low. Price is now testing the asian high at 1.3493 and the 78.6% retrace of Wednesday's NY drop from the 1.3503 prior high to the 1.3454 prior low. USD softness after the midterm sweep is underpinning the move, with RSI(14) near 66 and bar ranges compressed to about 4 pips ahead of the BoE.
Support: 1.3484, 1.3476, 1.3454
Resistance: 1.3493, 1.3503
What it said to watch
A close above the asian high at 1.3493 puts the 1.3503 prior high (7-week high) back in play
A break of the rising trendline and the 61.8% fib near 1.3484 ends the Asia HH/HL chain, with the asian low at 1.3476 next
Failure to hold the prior low at 1.3454 would erase the full recovery from Wednesday's NY drop
The BoE decision, vote split and MPR at 12:00 UTC could materially shift this read
US jobless claims at 13:30 UTC are the next USD-side test
03:46 UTC
Intraday uptrend, grinding higher in Asia · RSI 70 · price 1.34924
Higher-low chain off the Asia low, testing session high.
Asia session has retraced most of Wednesday's NY selloff, climbing from the 1.3463 Asia low to a fresh Asia high at 1.3493 on a steady higher-low chain. Price is near the 78.6% level of that drop with RSI(14) around 70. Post-midterm USD softness is doing much of the lifting, with the 1.3498 swing high and the 1.3503 7-week high overhead into today's BoE decision.
Support: 1.3484, 1.34633, 1.34544
Resistance: 1.34931, 1.34981, 1.3503
What it said to watch
M15 close below the 1.3484 higher low breaks the Asian HH/HL chain
Acceptance above the 1.3498 swing high exposes the 1.3503 7-week high
Loss of the 1.3463 Asia low returns focus to the 1.3454 NY low
BoE decision and vote split at 12:00 UTC (f/c 7-2 hike) could materially shift this read
US jobless claims at 13:30 UTC as the next USD-side input
03:16 UTC
Intraday recovery, stalling late Asia · RSI 64 · price 1.34865
Asian higher-low chain off 1.3463, now a tight 1.3482–1.3492 box below 1.3503.
Asia has retraced most of NY's drop from the 1.3503 7wk high to the 1.3454 NY low. Price is stalling at the 1.3492 asian high near the 78.6% fib, and dips are holding the 1.3482 range low with USD still soft after the Democratic midterm sweep. RSI(14) is at 64 and ATR is about 4 pips, so late-Asia ranges are compressed.
Support: 1.3482, 1.3463, 1.3454
Resistance: 1.3492, 1.3503
What it said to watch
M15 close above the 1.3492 asian high puts the 1.3503 7wk high back in play
Failure to hold the 1.3482 range low exposes the 1.3463 asian low, then the 1.3454 ny low
Rejection at the 78.6% fib of the NY drop keeps the box intact into London open
BoE decision 12:00 UTC (f/c hike to 4.00%, 7-2 vote) and Bailey at 12:30 could materially shift this read; a softer split risks unwinding the rally
US jobless claims 13:30 UTC is the USD-side risk in the NY session
03:01 UTC
Asia recovery with higher lows, stalling under the Asian high · RSI 67 · price 1.34886
Higher-low chain from 1.3467, capped at 1.3492 near the 78.6% retrace of the NY slide.
Asia has climbed from the 1.3467 Asian low to the 1.3492 Asian high, a ~78.6% retrace of yesterday's NY slide from the 1.3503 prior high to the 1.3454 NY low. The broad USD selling after the midterms is still underpinning the move. The last six bars are compressing under 1.3492 with RSI(14) near 67 and ATR around 4 pips, while the higher-low sequence holds above 1.3482.
Support: 1.3482, 1.3467, 1.3454
Resistance: 1.3492, 1.3503
What it said to watch
M15 close above the 1.3492 Asian high exposes the 1.3503 prior high and the 1.3500 psych level
Failure to hold the 1.3482 higher low breaks the Asia HL chain and puts the 1.3467 Asian low back in focus
Loss of 1.3467 reopens the 1.3454 NY low
BoE decision at 12:00 UTC (~9h), with the MPR and Bailey at 12:30, could materially shift this read; London open lands before it
02:46 UTC
Intraday recovery, grinding higher in Asia · RSI 71 · price 1.3489
Higher lows off 1.3467, pressing Asian high.
Asia session is grinding higher in a stair-step of higher lows from the 1.3467 asian low. It has retraced about 70% of Wednesday's NY selloff from the 1.3503 prior high to the 1.3454 ny low, after the USD sell-off on the midterm results. Price is pressing the 1.3492 asian high with RSI(14) near 71 and ATR(14) around 4 pips, which reflects thin, compressed Asian ranges ahead of the BoE.
Support: 1.3482, 1.3467, 1.3454
Resistance: 1.3492, 1.3503
What it said to watch
M15 close above the 1.3492 asian high exposes the 1.3503 prior high and 1.3500 round number, near the 78.6% level of the NY selloff fib
Loss of the 1.3482 higher low breaks the Asian trendline and reopens 1.3467 asian low
Failure below 1.3467 puts the 1.3454 ny low back in focus
BoE decision at 12:00 UTC (~9h): vote split vs the 7-2 forecast and the MPR guidance could reprice this range quickly
02:31 UTC
Intraday uptrend, stalling below asian high · RSI 71 · price 1.34877
Asia higher-low chain after the NY sell-off.
Asia has stepped up in a higher-low chain from the 1.3467 asian low along a rising trendline, retracing past 61.8% of the 1.3503–1.3454 NY-session drop as USD stays soft after the midterm sweep. Two rejections at 1.3492, the asian high and early-London high, have capped the move so far. RSI(14) is near 71.
Support: 1.3482, 1.34671, 1.34544
Resistance: 1.34918, 1.3503
What it said to watch
M15 close above the 1.3492 asian high opens a retest of the 1.3503 prior high and the 1.3500 round number
Break of the rising trendline and the 1.3482 swing low ends the Asian higher-low chain and exposes the 1.3467 asian low
Loss of the 1.3454 ny low would confirm a lower-low sequence
BoE decision at 12:00 UTC (~9.5h) and Bailey's 12:30 UTC presser could materially shift this read. A dovish split would put the 1.3465 area back in focus.
02:16 UTC
Intraday uptrend, RSI hot · RSI 77 · price 1.34893
Asia HH/HL chain off the 1.3463 rollover low, pressing the Asian high.
The Asia session has climbed steadily from the 1.3463 asian low. It cleared the 1.3477 ny bounce high and has retraced about 70% of Wednesday's NY drop from the 1.3503 ny high, the 7-week top set on post-midterm USD selling. RSI(14) near 77 is hot, and the 1.3492 asian high is capping for now with ATR around 4.4 pips.
Support: 1.3477, 1.34633, 1.34544
Resistance: 1.34918, 1.3503
What it said to watch
Acceptance above the 1.3492 asian high exposes the 1.3503 ny high and the 1.3500 psych level
An M15 close below the 1.3477 ny bounce breaks the asian trendline and the higher-low chain
Loss of the 1.3463 asian low reopens the 1.3454 ny low
BoE decision and MPR at 12:00 UTC (vote f/c 7-2) could materially shift this read; London open comes first
02:01 UTC
Intraday recovery, higher lows through Asia · RSI 74 · price 1.3486
HH/HL chain off the 1.3467 rollover base, capped at the 1.3492 Asia high.
Asia session has steadily retraced Wednesday's NY slide from the 1.3503 7-week high to the 1.3454 NY low. Broad USD softness after the midterms is driving the move. The 01:15 UTC push stalled at the 1.3492 Asia high, near the 76.4% retracement, and price is holding around the 61.8% at 1.3484 with RSI(14) at 74. The Asia trendline of higher lows is intact while price stays above the 1.3482 swing low.
Support: 1.3482, 1.3454
Resistance: 1.3492, 1.3503
What it said to watch
M15 close below the 1.3482 swing low breaks the Asia trendline and the higher-low chain
Acceptance above the 1.3492 Asia high exposes the 1.3503 7-week high and the 1.3500 round number
A full unwind of the NY slide back to the 1.3454 NY low would negate the Asia recovery
BoE decision, vote split and MPR at 12:00 UTC (~10h) could materially shift this read
01:46 UTC
Recovery uptrend off NY low, stalling · RSI 67 · price 1.34835
Higher lows in Asia session, capped at 1.3492 session high.
The Asia session has retraced most of the NY slide from the 1.3503 prior high, a 7-week top on USD weakness after the Democratic midterm sweep. Higher lows off the 1.3454 NY low and along the rising support line carried price to a 1.3492 asian high, where the latest bars show a rejection wick near the 76.4% retracement. Price holds above the fib 50% at 1.3478 with RSI(14) cooling to about 67.
Support: 1.3478, 1.3463, 1.3454
Resistance: 1.3492, 1.3503
What it said to watch
M15 close above the 1.3492 asian high reopens the 1.3503 prior high and the 1.3500 area
Loss of the 1.3478 fib 50% and the rising support line exposes the 1.3463 asian low
A break below the 1.3454 ny low negates the higher-low sequence
BoE decision, MPC vote split and MPR at 12:00 UTC (~10h) could materially shift this read
Asia session has built a steady HH/HL climb off the 1.3463 asian low, clearing the 1.3477 NY range top and retracing past 61.8% of the post-ADP selloff from the 1.3503 prior high to the 1.3454 NY low. Price now presses the 1.3490 breakdown area with RSI(14) near 74 as USD stays heavy after the midterm sweep.
Support: 1.3477, 1.3463, 1.3454
Resistance: 1.3490, 1.3503
What it said to watch
Rejection at the 1.3490 breakdown area caps the Asian advance; acceptance above opens the 1.3503 prior high
M15 close back below the 1.3477 NY range top negates the breakout
Break of the Asian trendline toward the 1.3463 asian low ends the HH/HL chain; below that sits the 1.3454 NY low
BoE decision at 12:00 UTC (~10.5h), vote split and guidance could materially shift this read
Back above NY range top, at 61.8% of the day high–low decline.
Early Asia session has lifted GBPUSD from the 1.3463 asian low through the 1.3477 range top of the NY afternoon. It is now at the 61.8% retrace of the drop from the 1.3503 day high to the 1.3454 day low, after USD selling on the midterm result took cable to that high. RSI(14) near 70 and ATR around 4 pips point to a steady but thin grind into the 1.3490 swing high.
Support: 1.3477, 1.3463, 1.3454
Resistance: 1.3490, 1.3503
What it said to watch
M15 close back below the 1.3477 range top negates the range break
Close above the 1.3490 swing high opens a retest of the 1.3503 day high
Loss of the 1.3463 asian low exposes the 1.3454 day low
BoE decision, vote split and Bailey presser from 12:00 UTC (~10.75h) could materially shift this read
HH/HL chain off late-NY base, retracing the 1.3503–1.3454 drop.
Wednesday's USD-led spike topped at the 1.3503 prior high (a seven-week high) and gave back to the 1.3454 ny low during NY hours as a firm ADP steadied the dollar. Early Asia has built a HH/HL chain off the 1.3460 ny base, breaking the 1.3477 break level. Price is now sitting on the 61.8% retrace just under the 1.3490 ny shelf, on thin ranges with ATR under 4 pips.
Support: 1.3477, 1.3460, 1.3454
Resistance: 1.3490, 1.3503
What it said to watch
Close above the 1.3490 ny shelf clears the 61.8% retrace and reopens the 1.3503 prior high
Slip back below the 1.3477 break level returns price to the NY afternoon range
Loss of the 1.3460 ny base and 1.3454 ny low confirms a lower-low
BoE decision Thu 12:00 UTC, Bailey at 12:30 UTC and US claims at 13:30 UTC could materially shift this read
00:46 UTC
Rebound from NY low, higher lows intact · RSI 68 · price 1.34818
Early Asia session: GBP/USD has retraced about 56% of the NY slide from the 1.3503 7-week high (midterm-driven USD selloff) to the 1.3454 NY low. Price has cleared the 1.3477 neckline of a double bottom, but the push stalled at the 61.8% fib near 1.3485, the Asia high so far. RSI(14) is near 68, and ATR is about 4 pips in thin trade.
Support: 1.3477, 1.3463, 1.3454
Resistance: 1.3485, 1.3503
What it said to watch
M15 close above the 1.3485 Asia high (61.8% fib) opens a retest of the 1.3503 7-week high
Slip back below the 1.3477 neckline and the higher-low trendline turns the breakout into a false break, exposing the 1.3463 rollover low
Loss of the 1.3454 NY low negates the double bottom
BoE decision Thu 12:00 UTC (hike to 4.00%, 7-2 priced) sits just beyond this window and could materially shift this read
00:31 UTC
Corrective bounce after NY pullback · RSI 64 · price 1.34784
Higher lows off 1.3454 NY low, price at 50% retrace of the drop.
After the USD-driven run to the 1.3503 day high, the NY session sold back to the 1.3454 NY low. Higher lows at 1.3460 and the 1.3463 rollover low have lifted early Asia session price to the 50% retrace of that drop near 1.3479, with the ny rejection at 1.3490 overhead.
Support: 1.3463, 1.3460, 1.3454
Resistance: 1.3490, 1.3503
What it said to watch
M15 close above 1.3490 ny rejection reopens the 1.3503 day high
Break below the 1.3460 higher low voids the higher-lows trendline and exposes the 1.3454 ny low
Failure at the 50% retrace keeps the 1.3463 rollover low in focus
BoE decision 12:00 UTC (25bp hike priced, 7-2 vote) and Bailey at 12:30 UTC could materially shift this read
00:16 UTC
Intraday recovery after NY pullback · RSI 62 · price 1.34776
Higher lows off 1.3454 NY low; capped below 1.3503 day high.
The USD-driven push to the 1.3503 day high, a seven-week peak, met rejection at 13:00 UTC and faded into the 1.3454 NY low. Early Asia trade has built a higher-low sequence (1.3460 swing low, then the 1.3467 higher low) along a rising trendline. Price is now pressing the 1.3478 Asia high at the 50% retrace of that drop, with ATR compressed in thin pre-BoE trade.
Support: 1.3467, 1.3460, 1.3454
Resistance: 1.3478, 1.3490, 1.3503
What it said to watch
A close above the 1.3478 Asia high and the 50% retrace opens the 1.3490 breakdown area, then the 1.3503 day high.
A break of the 1.3467 higher low and the rising trendline puts the 1.3460 swing low and the 1.3454 NY low back in focus.
The BoE decision at 12:00 UTC and Bailey at 12:30 UTC could materially shift this read. A 7-2 hike is largely priced, so a dovish twist risks unwinding the pre-BoE rally.
00:01 UTC
Sideways after NY reversal from 1.3503 · RSI 59 · price 1.34757
Post-selloff range 1.3460–1.3477, price testing range top.
NY Wednesday spiked to a 1.3503 7wk high, then sold off to the 1.3454 ny low as the dollar clawed back on the firm ADP print. Since then price has held a 1.3460–1.3477 range into early Asia, now pressing the range top near the 50% retrace of that NY selloff, with RSI(14) near 59 and ATR around 4 pips.
Support: 1.3460, 1.3454
Resistance: 1.3477, 1.3503
What it said to watch
M15 close above the 1.3477 range top and 50% fib opens the 1.3490s, with the 1.3503 7wk high above
Rejection at the range top and a break of the 1.3460 range low exposes the 1.3454 ny low
BoE decision Thu 12:00 UTC (7-2 hike priced) and Bailey at 12:30 UTC could materially shift this read