20:01 UTC
Range-bound, lower highs since Q1 2026 peak · RSI 42 · price 1.32122
Compressing range: lower highs off 1.3869 against flat base lows near 1.3140.
Cable has been range-bound between the 1.3010 2025 low and the 1.3869 2026 high since mid-2025. Each rally since the January peak has stalled at a lower high, the latest at 1.3503, while base lows near 1.3140 have held through Q1, Q2 and Q3 of 2026. Price now sits below a flattening W1 EMA(50) at 1.3371, and EMA(20) has just slipped beneath it, as a hawkish Fed repricing lifts the dollar to 19-month highs. This week's rejection from 1.3459 leaves the pair back near the range floor and inside the 61.8–78.6% retracement of the 2025–26 rally.
Support: 1.3140, 1.3010
Resistance: 1.33714, 1.3503, 1.38689
What it said to watch
- Weekly close below 1.3140 base lows breaks the range floor and exposes the 1.3010 2025 low
- Reclaim of the ema50 at 1.3371 and a close above the 1.3503 lower high would break the lower-highs sequence
- Fed Chair Warsh (Mon) and UK labour data and October CPI (Tue/Wed) could materially shift this read
- 2026 high at 1.3869 remains the range ceiling; ATR compressing from ~193 to 168 pips reflects the narrowing range