15:26 UTC
Downtrend, rolling over from September high · RSI 30 · price 1.33557
Lower highs since 1.3675, fresh lower low at 1.3336.
The quarter-long advance off the late-June low at 1.3163 topped out at 1.3675 and has since built a chain of lower highs, with the last two sessions breaking the 1.3464–1.3568 multi-week consolidation and printing a 7-week low at 1.3336. The central-bank doubleheader did the damage: the BoE's 6-3 hold against the Fed's 25bp hike knocked Cable through both EMA(20) and EMA(50), and a strong UK retail sales beat failed to lift price back into the old range. RSI(14) is near 30 for the first time in this window and the multi-month rising line from the June low has given way, so the swing-trend filter has flipped lower.
Support: 1.3336, 1.3300, 1.3264
Resistance: 1.3435, 1.3486, 1.3568
What it said to watch
- Failure to hold 1.3336 confirms continuation toward the 1.3300 round number and the 1.3264 swing low
- A daily close back above 1.3435 strong res would neutralise the lower-high sequence; reclaiming 1.3486 ema50 would invalidate the downtrend read
- UK flash PMIs Wed 23 Sep and US flash PMIs the same day are the next high-impact prints for this pair
- RSI near 30 on D1 is a meaningful stretch — a bounce that stalls under 1.3435 keeps the lower-high structure intact