19:01 UTC
Broad range, recent leg lower · RSI 43 · price 1.32122
Lower half of multi-quarter range.
GBPUSD has been range-bound between roughly 1.3100 and 1.3870 since the 2025 rally off the Dec-2024 low at 1.2099, and price now sits in the lower half after pulling back from the Jan-2026 cycle high at 1.3869. Price trades below the W1 EMA(50), and the recent slide to YTD lows near 1.3160 reflects soft UK PMIs and a fresh political risk premium against a firm-Dollar backdrop. The 1.3245 zone has repeatedly capped rebounds.
Support: 1.3160, 1.3100, 1.3000
Resistance: 1.3245, 1.3869
What it said to watch
- W1 close above 1.3245 negates the bearish multi-week read
- Failure to hold 1.3160 opens the 1.3100 / 1.30 area
- UK GDP Tue 06:00 UTC could materially shift this read