19:01 UTC
Range-bound, drifting to lower half · RSI 47 · price 1.32864
Multi-quarter range compressing between lower highs and higher lows.
GBPUSD has been range-bound since the July 2025 high, between the 1.3010 range floor and the 1.3869 range top. Lower highs from January 2026 and higher lows from November 2025 are squeezing that range into a tightening consolidation. Price has slipped back below the W1 EMA(50) near 1.3400 and now sits on the 50% retracement of the April 2025–January 2026 rally at 1.3289. The two-week drop came as a hiking Fed and US 10y yields above 5% outweighed hawkish BoE repricing. The June low at 1.3140 lines up with the 61.8% retracement and the rising support line, while the Aug high at 1.3675 caps the upper half.
Support: 1.3140, 1.3010
Resistance: 1.3400, 1.3675, 1.3869
What it said to watch
- Weekly close below the june low at 1.3140 breaks the rising support line and exposes the range floor at 1.3010
- Weekly close back above the ema50 near 1.3400 restores the mid-range read
- Weekly close above the aug high at 1.3675 breaks the descending resistance line and opens the range top at 1.3869
- UK Q2 GDP and US ADP/PCE, all on Sep 30, could materially shift this read