After a broad March-to-June range between roughly 1.3300 and 1.3650, GBPUSD broke down in mid-June and now sits at a near three-month low around 1.3213. The slide followed the BoE's 7-2 hold and a hawkish Fed that kept the dollar bid; price trades below both EMAs with the EMA(50) rolling over. The 1.3160 April low is the last major pivot before open downside.
Support: 1.3160
Resistance: 1.3245, 1.3305
What it said to watch
Daily close below 1.3160 April low confirms continuation of the downtrend
Recovery and daily close back above 1.3245 range top would neutralise the breakdown
UK flash PMIs Tue 08:30 UTC and US flash PMIs 13:45 UTC could materially reset this read
21:01 UTC
Downtrend within broader range, testing range floor · RSI 38 · price 1.32125
Lower highs since mid-April, pressing prior swing low.
GBPUSD spent most of the last four months ranging roughly 1.3160-1.3660, but the past two weeks carved a clean leg lower off the mid-April 1.3658 high, dragging price below EMA20 and EMA50 with both now sloping down. The drop accelerated after the BoE's 7-2 hold and a hawkish Fed kept the dollar bid, parking price near the three-month low at 1.3163. RSI in the high-30s reflects the down-leg but is not yet oversold on this timeframe.
Support: 1.3160, 1.3245
What it said to watch
Daily close below 1.3160 confirms a lower low and opens range expansion
Reclaim of 1.3245 puts price back inside the prior range
UK flash PMIs Tue 08:30 UTC could materially shift this read