09:02 UTC
Broad range, capped near 1.3650 · RSI 52 · price 1.35932
Multi-month range with February swing high and March swing low intact.
Cable has been range-bound between roughly 1.3160 and 1.3870 since the late-January spike, with the most recent leg drawing a tighter band between 1.3290 and 1.3650 over the past month. Two attempts at the 1.3870 area in late January and early February stalled into a double top, and price is now mid-range with EMA20 and EMA50 clustered just below spot. RSI sits near 52, reflecting the lack of directional conviction.
Support: 1.3290, 1.3160
Resistance: 1.3650, 1.3810, 1.3870
What it said to watch
- Daily close above 1.3650 range cap would open the path back toward the 1.3810 feb high
- Loss of 1.3290 april low would re-expose the 1.3160 march low
- US CPI later this week and Trump-Xi summit are headline risks to the range read