19:02 UTC
Range-bound, sitting below EMA50 after a three-week slide · RSI 44 · price 1.32407
Contracting range since Q4 2025: higher lows from 1.3010, lower highs from 1.3869.
Cable has been range-bound between the 1.3010 2025 low and the 1.3869 2026 high since Q4 2025. The range has narrowed into a sequence of higher lows (1.3010, 1.3140) and lower highs (1.3869, then the 1.3675 lower high in August). The September slide from that lower high has taken price back below the flattening W1 EMA50 near 1.3410 and toward the 78.6% retracement of the Nov–Jan advance, with a dollar near 18-month highs on a hawkish Fed doing most of the work. RSI at 44 sits mid-range, which carries little signal at this timeframe, and the 1.3181 swing low and 1.3140 2026 low now form the lower boundary under test.
Support: 1.3181, 1.3140, 1.3010
Resistance: 1.3410, 1.3675, 1.3869
What it said to watch
- Weekly close below the 1.3140 2026 low breaks the higher-low sequence and exposes the 1.3010 2025 low
- Weekly close back above the EMA50 near 1.3410 restores the mid-range read
- Holding the 1.3181 swing low keeps the rising support line from the 2025 low intact
- US CPI Wed Oct 14 could materially shift this read given the USD-driven tape
- UK Aug GDP Thu Oct 15 and the Oct 28 UK Budget are the main GBP-side risks to the range floor
- A weekly close above the 1.3675 lower high reopens the 1.3869 2026 high